US-China trade deal optimism takes shine off gold
Spot gold edges 0.1% lower to $1,550.96/oz as investors seek riskier assets
Bengaluru — Gold edged lower on Friday, on track to post its worst week in two months, as positive US economic data and optimism over an interim US-China trade deal boosted appetite for riskier assets and dented some of bullion’s allure.
Spot gold edged 0.1% lower to $1,550.96/oz by 1.18am GMT. For the week, prices have declined 0.7% so far, its lowest since the week ended November 8. US gold futures was flat at $1,550.80/oz...