Gold Steady As Investors Await Fresh Move In U.S.-China Trade Spat

Gold prices were little changed on Monday as investors awaited fresh developments on the simmering trade spat between the United States and China.

Spot gold was almost unchanged at $1,332.46 an ounce as of 0330 GMT. Prices hit a more than two-week low of $1,321.16 an ounce on Friday before closing 0.5 percent higher.

U.S. gold futures were unchanged at $1,335.80 an ounce.

"We've had certain comments from the U.S. about trade conflict over the last week and the weekend. The market is being dismissive about those issues until they see any real impact on the ground," said ANZ analyst Daniel Hynes.

U.S. President Donald Trump predicted on Sunday that China would take down its trade barriers, expressing optimism despite escalating trade tensions between the world's two largest economies that have roiled global markets in the past week.

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Suhani Verma

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