FOX LIVE NEWS UPDATE

PRECIOUS-Gold prices edge up as easing trade concerns hurt dollar

Sept 20 (Reuters) – Gold prices inched higher on Thursday as the dollar softened amid easing Sino-U.S. trade tensions, but investors remained cautious ahead of next week’s U.S. Federal Reserve policy meeting.

Spot gold XAU= was up 0.1 percent at $1,204.69, as of 0628 GMT, after rising 0.5 percent in the previous session.

U.S. gold futures were up 0.1 percent at $1,209.30 an ounce.

“The risk (sentiment) is sort of flattening, but that’s also taking wind out of the safe-haven appeal of the U.S. dollar (helping gold) … For gold to break $1,210, we need to see the dollar weakening against the emerging market currencies as well as the euro,” said Stephen Innes, APAC trading head, OANDA.
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