Gold sidelined near $1285 level, trade-related headlines remain in focus
Gold struggled to build on the overnight goodish up-move from closer to two-week lows and seesawed between tepid gains/minor losses through the early European session on Wednesday.
Against the backdrop of growing concerns over slowing global growth, resurfacing trade tensions further dampened investors’ risk-appetite and boosted the precious metal’s traditional safe-haven status on Tuesday.
News reports on Tuesday suggested that the US has turned down an offer of a preparatory trade meeting with Chinese counterparts due to outstanding disagreements over the enforcement of intellectual property rules.
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