Prices of the safe-haven gold prices inched down on Tuesday in Asia as China and the U.S. made some progress on their trade negotiations.
Gold Futures slipped 0.1% to $1,486.85 by 11:55 PM, as hopes of progress on the U.S.-China trade dispute were kept alive by constructive comments on both sides over the weekend.
U.S. President Donald Trump said during a Cabinet meeting at the White House that China has begun buying American agriculture products. “I want more,” he added.
Le Yucheng, China’s Vice Foreign Minister, said the two sides have achieved some progress in trade negotiations. “The world wants China and the United States to end their trade war,” he said.