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Gold Price Little Changed as Trump Raises Hopes of Breakthrough Trade Deal

Gold future price was little changed on Monday in Asia as U.S. President Donald Trump raised hopes of a breakthrough trade deal.

Trump tweeted on Sunday that he will be delaying a hike in U.S. tariffs on Chinese goods originally scheduled for March 1.

The delay was a result of “significant progress” the two sides made on key issues in the ongoing trade negotiations, he said, adding that he expects to eventually reach an agreement with Beijing if progress continues.

The news seemed to have very little impact on gold futures and the U.S. dollar, as they both traded near flat.

 

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