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Gold inches down as trade optimism stokes risk-taking

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Gold prices edged lower on Thursday, as optimism over a preliminary trade deal between the United States and China increased risk appetite, although concerns about tariffs and unresolved core issues remained.

Among other precious metals, palladium scaled a record high, while platinum jumped to its highest in nearly two years.

Spot gold fell 0.2 per cent to $1,552.22 per ounce by 0619 GMT. US gold futures eased 0.1 per cent to $1,552.60.

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