Gold eases from record highs as trade concerns soften

US President Donald Trump said that US-China trade talks would be on a "different level" now, however, he gave no clarity about it.

Aug 30, 2019 07:08 IST India Infoline News Service

Gold prices slid on Friday as China indicated that it was keen on resolving the trade war through negiotations.

US President Donald Trump also said that US-China trade talks would be on a "different level" now, however, he gave no clarity about it. 

Spot gold fell 0.2%, but stayed above the $1,500/ounce mark around $1,525/ounce.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings dipped 0.2% to 880.36 tonnes on Thursday from Wednesday.

Back home, prices of the yellow metal slid with MCX Gold Oct Futures at 38760.00/10g, down 0.11%, mainly on global cues.

MCX Silver Sep Futures, however, rose 0.55% to Rs46,565/kg.

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