Bengaluru: Gold prices were little changed in Asian trade on Monday as investors awaited developments on the simmering trade spat between the United States and China.
Spot gold was down 0.1 percent at $1,331.83 an ounce as of 0700 GMT, and U.S. gold futures were nearly unchanged at $1,335.70 an ounce. "We´ve had certain comments from the United States about trade conflict over the last week and this weekend.
The market is being dismissive about those issues until they see any real impact on the ground," said ANZ analyst Daniel Hynes, adding there was a little bit of a sell-off in the gold market as a consequence.
U.S. President Donald Trump predicted on Sunday that China would take down its trade barriers, expressing optimism despite escalating trade tensions between the two nations.
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