Gold falls as dollar firms after China halts trade talks
Updated : September 24, 2018 09:44 AM IST
Investors were squarely focused on Sino-US trade tensions, after China cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week.
Spot gold inched down 0.2 percent to $1,196.17 by 0323 GMT, after falling as much as 1.3 percent on Friday.
Although gold is generally considered to be a safe-haven asset, the months-long trade rift between Washington and Beijing has prompted investors to buy US dollars in the belief that the United States has less to lose from the dispute.
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