Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week.
However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold.
April gold lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far. The SPDR Gold Shares ETF was up 0.4%.
Source : Marketwatch
Gold rises as contained inflation data bolstered the Federal Reserve™s decision to go slow on raising rates, while investors track high-level trade talks between U.S., China in Beijing.
Spot gold +0.2% to $1,308.35/oz at 7:11am in London. Bloomberg Dollar Spot Index -0.1% after ending Weds at highest since Jan. 2; index is heading for first back-to-back weekly gains this year.
A key measure of U.S. inflation was little changed in January, while the broader...
Gold prices firmed on Friday as the dollar weakened slightly after disappointing U.S. data indicated slowing economic momentum, supporting the U.S. Federal Reserve's 'patient' monetary policy approach.
Spot gold was little changed at $1,312.82 per ounce at 0009 GMT. It rose 0.5 percent in the previous session in its biggest intraday gain since Jan. 30.
U.S. gold futures were up 0.1 percent at $1,315 an ounce.
U.S. retail sales recorded their biggest drop in more than nine years in December...
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Sterling down 0.2% to $1.2814, lowest level since Jan. 15; declines 0.1% to 87.73 pence per euro
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Hong Kong stocks retreated Thursday as top US and Chinese officials met in Beijing for trade talks aimed at preventing an escalation in tariffs before a March 1 deadline.
The Hang Seng Index lost 0.23 percent, or 65.54 points, to 28,432.05.
The benchmark Shanghai Composite Index closed 0.05 percent lower, or 1.37 points, to 2,719.70, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.66 percent, or 9.16 points, to 1,398.84.