Gold prices edge up on trade talk hopes, but Fed stance caps gains
Updated : February 22, 2019 07:16 AM IST
Spot gold had risen 0.11 percent to $1,324.63 per ounce by 0053 GMT, after touching its strongest in 10 months on Wednesday at $1,346.73. US gold futures were steady at $1,327.5 per ounce.
Top US and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a US-imposed deadline to reach agreement expires and triggers a new round of tariffs.
Meanwhile, in the minutes of its January 29-30 meeting, the Fed said the US economy and its labour market remained strong, prompting some expectations of at least one more rate hike this year.