Gold Consolidates as Traders Eye U.S.-China Trade Talks
2339 GMT — Gold consolidates in the early Asian session as traders eye the U.S.-China trade talks being held in London. Investors await clarity on these talks, FFA Kings' Fadi Al Kurdi says in an email. These negotiations have kept risk sentiment relatively underpinned, curbing the upside potential for the precious metal's price, the founder says. At the same time, gold's price downside may be limited with U.S. fiscal worries still a headwind for the dollar, he adds. Spot gold is little changed at $3,326.11/oz. (ronnie.harui@wsj.com)
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