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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.
Gold prices edge up on trade talk hopes, but Fed stance caps gains

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