Investing.com - Gold prices slipped on Tuesday in Asia even after trade talks between the U.S. and China showed signs of progress.
slipped 0.1% to $1,462 per ounce by 1:30 AM ET (05:30 GMT).
“Gold today is pulling back (but) still within the expected $1450-$1500 range mostly due to optimistic remarks on China-US tariff deal,” said George Gero, precious metals analyst at RBC Wealth Management in New York.
Beijing and Washington were “very close” to an initial trade agreement, Chinese newspaper Global Times reported, citing experts close to the talks.
Separately, China’s Ministry of Commerce said top negotiator on trade Liu He talked with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning.
“Both sides discussed resolving core issues of common concern, reached consensus on how to resolve related problems (and) agreed to stay in contact over remaining issues for a phase one agreement,” the Chinese-language statement said.
However, some analysts said the fact that there is no major selling in the gold markets suggested that people are still sceptical about these developments.
The trade war is closing in on its 17th month. The nations were reportedly scheduled to sign the partial deal last month in Chile during the APEC summit. However, the signing did not happen as Chile was forced to cancel the summit due to local civil unrest.
Reuters reported this week that the two sides might not reach an agreement before the end of this year.
Other relevant articles
[2019-11-26 07:20:04] Oil Prices Slip Despite Signs of Trade Hope
[2019-11-26 06:20:05] China’s Frugal Consumers Pile Pressure on Gold as Economy Slows
[2019-11-26 04:45:05] Exclusive: India probe finds SKF, Schaeffler, Tata Steel units...
[2019-11-26 02:35:04] Oil prices steady amid hopes for U.S.-China trade deal
[2019-11-25 21:25:23] Gold Hits 2-Week Low; Silence on Trade Deal Becomes Risk Positive
[2019-11-25 14:30:28] Canada’s Kirkland to Buy Gold Rival Detour for $3.7 Billion
[2019-11-25 14:00:27] Commodities Week Ahead: The Gift Of Thanksgiving May Be Choppy Oil,...
[2019-11-25 07:30:24] Gold Prices Slip as U.S.-China Trade Talks Continues to Send...
[2019-11-25 07:15:23] BHP Plans to Increase Its Stake in Ecuador-Focused SolGold
[2019-11-25 06:45:23] Oil Prices Steady; Trade News Remained in Focus
[2019-11-23 00:05:17] Goldman Sachs unveils internal campaign on use of gender identity...
[2019-11-22 21:15:13] Gold Steady as Trump, Xi Telegraph More Trade Uncertainty
[2019-11-22 17:10:11] Gold Drifts as Upbeat PMI, Consumer Sentiment Data Support Mood
[2019-11-22 15:40:12] Oil Prices on Track for 3rd Straight Weekly Gain
[2019-11-22 13:50:20] Goldman Sachs Says British Pound Is Among Favorite 2020 Picks
[2019-11-22 07:45:11] Gold Prices Steady as Traders Await More Trade News
[2019-11-22 06:20:11] Oil Prices Drop Despite News of Likely Extension of Production Cuts
[2019-11-22 05:50:14] China’s Economy to Stabilize in 2020, Goldman Sachs Says
[2019-11-21 23:30:10] Gold Dips as U.S.-China Trade Yo-Yo Hits Market Again
[2019-11-21 22:55:08] Gold Dips as U.S.-China Trade Yo-Yo Hits Market Again
[2019-11-21 22:35:08] Stocks: S&P, Dow Slip as Trade Worries Drag On
[2019-11-21 17:45:23] How Negative Rates Can Send Bond Prices Soaring
[2019-11-21 07:40:07] Safe-Haven Gold Fall Despite Doubts Over Partial Trade Deal
[2019-11-21 07:10:07] Forex - U.S. Dollar Slips After Fed Minutes; Sino-U.S. Trade...
[2019-11-21 06:05:07] Oil Prices Slip After Jumping Nearly 3% in Previous Session
[2019-11-21 03:00:18] Oil dips on worries U.S.-China trade deal could slip to next year
[2019-11-20 23:30:16] Chipmaker Intel says supply remains tight in PC business; shares...
[2019-11-20 21:55:27] Gold Steady Second Day Amid Trump Ambiguity on Trade Deal
[2019-11-20 19:50:08] Wall Street drops on report trade deal may not be completed this year
[2019-11-20 17:15:08] Gold Edges Lower as U.S. Oil Data Takes Edge off Slowdown Fears
[2019-11-20 12:30:08] Alibaba prices Hong Kong share offer at HK$176/share, raising...
[2019-11-20 11:20:08] Alibaba prices Hong Kong share offer at HK$176/share, raising...
[2019-11-20 06:55:21] Gold Prices Inch Up; Trade Talks Remain in Focus
[2019-11-20 05:55:08] Oil Prices Steady Despite Rising Crude Inventories
[2019-11-20 05:00:14] Asian Markets Slip as Trump Threatens Higher Tariffs
[2019-11-20 04:10:20] Oil prices steady after two-day drop as growth concerns weigh
[2019-11-20 02:25:07] UK home prices to lag inflation on Brexit uncertainty: Reuters...
[2019-11-19 21:25:04] Gold Holds Steady As Trump Warns China on Trade Deal
[2019-11-19 14:45:05] Gold Prices Drift as Hong Kong Worries Cap Risk Rally
[2019-11-19 07:05:03] Gold Prices Near Flat Despite Uncertainties Revolving Around...
[2019-11-19 06:20:03] Oil Prices Amid U.S.-China Trade Jitters
[2019-11-19 03:00:29] Oil slips as lack of U.S.-China trade talk progress frays...
[2019-11-18 21:45:24] Amazon offers free music streaming service; rival Spotify slips
[2019-11-18 21:20:23] Gold Edges up on Chinese Worry Over Trump Impeachment
[2019-11-18 20:55:50] Food prices push Nigeria inflation to 17-month high after border...
[2019-11-18 16:05:22] Gold Prices Rebound on Report of Chinese Pessimism Over Trade...
[2019-11-18 13:35:28] Commodities Week Ahead: Algos To Keep Oil Up; Gold To Provide Hedge To...
[2019-11-18 07:30:23] Oil Prices Inch Down Despite Positive Trade News
[2019-11-18 06:40:22] Gold Prices Slip Amid Trade Deal Hopes
[2019-11-18 02:35:39] Oil prices flat with markets on hold for progress in U.S.-China...
[2019-11-15 21:35:13] Gold Dips as Trade-Deal Hype Returns Again
[2019-11-15 21:20:15] Gold Dips as Trade Deal Hype Returns Again
[2019-11-15 19:55:14] Hulu+ Live TV to raise monthly prices to $54.99
[2019-11-15 16:10:22] Gold Prices Drift Lower After U.S. Data Fail to Inspire
[2019-11-15 14:45:15] U.S. import prices drop more than expected on petroleum, food
[2019-11-15 06:45:11] Gold Prices Fall as Risk Appetite Improve on Sino-U.S. Trade News
[2019-11-15 06:30:11] Oil Prices Gain Amid Reports of Potential OPEC Supply Curb
[2019-11-14 21:00:14] Gold up Again as Missing-in-Action Trade Deal Helps
[2019-11-14 19:10:08] Oil Prices Reverse Into the Red Following Crude Stockpile Build
[2019-11-14 16:50:08] Gold Prices Inch Higher as Weak Data Keeps Trend Intact
[2019-11-14 15:25:07] U.S. producer prices rise solidly; healthcare costs increasing
[2019-11-14 14:45:20] U.S. producer prices increase by the most in six months
[2019-11-14 14:05:07] Futures slip as weak Chinese data sparks growth fears; Cisco falls
[2019-11-14 13:05:07] Stocks - U.S. Futures Slip as US-China Talks Hit Reported Snag
[2019-11-14 13:05:07] Stocks - U.S. Futures Slip as US-China Talks Hit Reported Snag
[2019-11-14 07:45:07] Gold Prices Up Amid Weak Economic Data, Trade Uncertainties
[2019-11-14 07:15:07] Oil Prices Rise Amid Falling U.S. Crude Inventories
[2019-11-14 05:15:14] Warren lashes out at Goldman over Apple Card bias claims: Bloomberg
[2019-11-13 22:05:41] Gold Continues Upward in Mid-$1400s on New Trade-War Uncertainty
[2019-11-13 21:55:10] Gold Continues Upward in Mid-$1400s on New Trade War Uncertainty
[2019-11-13 17:00:16] Oil is our gold and we aim to use all of it, ADNOC official says
[2019-11-13 15:55:08] Gold Prices Rebound as Havens Sought Ahead of Powell Testimony
[2019-11-13 14:45:16] U.S. consumer prices increase more than expected in October
[2019-11-13 14:30:09] Opening Bell: Global Shares, Futures Dive On Trade, Hong Kong Fears;...
[2019-11-13 14:00:13] Oil Prices Lower on Concerns Over Trade, Demand Outlook
[2019-11-13 12:50:08] Stocks - U.S. Futures Slip on Trade War Uncertainty; Powell to...
[2019-11-13 07:35:19] Oil Prices Down as Sino-U.S. Trade Hope Diminishes
[2019-11-13 07:10:08] Gold Prices Gain; Trade Progress, Hong Kong Unrest in Focus
[2019-11-13 00:10:08] Rising Onion Prices Fueling India Inflation, Not Rates
[2019-11-12 21:55:06] Gold Perks up After Hours as Trump Signals Nothing New on China
[2019-11-12 21:45:05] Gold Perks up After Hours as Trump Signals Nothing New on China
[2019-11-12 19:10:05] Rising Medicare prices will shrink Social Security inflation adjustment next...
[2019-11-12 17:00:08] Gold Prices Test Lows Again as Market Awaits Trump Speech
[2019-11-12 14:20:17] Oil Prices Climb, Reversing Early Losses Before Trump Speech
[2019-11-12 13:45:04] Will Silver Get Washed Out With Gold?
[2019-11-12 10:05:04] French fourth quarter GDP growth will slip to 0.2%, Bank of France estimates
[2019-11-12 10:05:04] Gold’s Just Not That Appealing to Young Chinese Luxury Shoppers
[2019-11-12 07:25:03] Gold Prices Fall, Near 3-Month Low
[2019-11-12 06:45:04] Oil Prices Rebound; Uncertainty Surrounding Trade Progress Remains
[2019-11-11 21:45:24] Gold at 3-Month Low for Third Day as Near-Term Bull Case Erodes
[2019-11-11 17:20:23] Gold Prices Fall Briefly Below $1,450 Despite Risk-Off Move
[2019-11-11 17:10:36] Commodities Week Ahead: Oil, Gold Await Trump Take On Trade War,...
[2019-11-11 14:55:34] Oil Prices Lower amid Persistent Trade Worries
[2019-11-11 14:40:31] Stocks - Boeing, Goldman Sachs, Alibaba Fall Premarket
[2019-11-11 12:15:23] Exclusive: Goldman Sachs plans shift from revenue goal at first...
[2019-11-11 07:30:23] Gold Prices Near Flat as Markets Shrug Off HK Unrest, U.S.-China Trade...
[2019-11-11 07:15:23] Oil Prices Fall Amid Mixed Sino-U.S. Trade War Signals
[2019-11-11 06:00:38] China Factories Are Exporting Lower Prices Around the World
[2019-11-11 03:00:29] Oil slips on jitters over U.S.-China trade talks progress
[2019-11-10 01:50:18] Goldman faces probe after entrepreneur slams Apple Card algorithm...