Gold Prices Decline For A Third Day In A Row Following The China-US Trade Talks

Gold prices fell for a third day today following the partial trade agreement made by US and China hence spotgold declined by 0.3% to $1,485.56 per ounce.

The US also suspended a threatened tariff hike hence reducing the risk appetite of gold, but officials on both sides  more agree that much work more  needs to be done before an accord could be agreed.

Gold traders will be watching the US Federal Reserve which will announce its monetary policy  this month.

The reserve had opted to reduce interest rates for the third time in a row to curb trade tension and weakening of the dollar.

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