Gold prices held firm on Thursday on the back of a weaker dollar as appetite for risky assets like equities waned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart.
Spot gold was mostly unchanged at $1,254.06 per ounce by 0324 GMT. U.S. gold futures climbed as much as 1 percent to $1,260.80 and were last up 0.6 percent at $1,256.
Investors were cautious ahead of the meeting between Trump and Chinese President Xi Jinping due later on Thursday, the first between the world’s two most powerful leaders.
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