Gold inches down as trade optimism stokes risk-taking

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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 b...

- 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.

Further weighing on gold prices, world stocks scaled record levels on Thursday as investors cheered the trade deal. Bullion, considered a safe asset in times of political and economic uncertainty, gained 18% last year on the back of the tariff war and its impact on global economy.

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