Gold Edges Higher as Trade Talks Between China and United States Continue
Gold futures were steady early on Tuesday as the market watches trade talks between China and the United States that are now in their second day.
Gold for August delivery was last seen up US$2.80 to US$3,357.70 per ounce.
Trade talks between the United States and China in London are continuing, raising hopes for a deal between the world's two-largest economies amid the disruptions to global trade that followed on U.S. President Donald Trump's imposition of tariffs on most of the country's trading partners in April.
The talks are centering on easing export controls according to the Wall Street Journal, with the United States looking for China to ease restrictions on the export of rare earths while China wants to secure access to advanced computer chips. U.S. Commerce Secretary Howard Lutnick on Tuesday said the talks are going well.
The dollar edged up early, with the ICE dollar index last seen up 0.04 points to 98.98. Treasury yields fell, with the yield on the U.S. two-year note last seen down 1.5 basis points to 3.997%, while the 10-year note was paying 4.453%, down 2.5 points.
Source: MTN newswires
