Spot gold was flat at $1,464.36/ounce. US gold futures were up 0.1% at $1,464.60/ounce.
In latest news, China has invited top US trade negotiators for a new round of face-to-face talks in Beijing after reports said that a "phase one" trade deal may not be signed this year.
The Fed has cut interest rates thrice this year as insurance to protect growth from the trade war. Lower interest rates lower the opportunity cost for holding gold.
In addition, on the US economy front, data on Thursday showed that US weekly jobless claims stood unchanged and manufacturers reported a slowdown.
MCX Gold Dec Futures were up 0.23% on weak equities, while MCX Silver Futures remained unchanged.