GOLD NEWS UPDATE

Gold prices steadied on Tuesday in Asia while the U.S. dollar was near flat as traders assessed the latest news on the trade front.In gold’s benchmark April contract on the Comex division of the New York Mercantile Exchange was up 0.2%, at $1,314.85 per ounce by 1:47 AM ET (06:47 GMT).Gold futures fell 0.3% last week after declining four consecutive sessions.Investor sentiment slightly improved on Tuesday after White House adviser Kellyanne Conway told Fox News that U.S. President Donald Trump wants to meet with his Chinese counterpart Xi Jinping “very soon.”Trump on Monday also told his supporters on Monday that his administration is working on “great deals on trade” and that he does not want China to have a hard time.Despite the positive comments from the U.S. side today, analysts said hopes for a quick resolution don’t look too promising, with U.S. negotiators pressing China on longstanding demands, including reparations for alleged theft of U.S. intellectual property.

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