Gold Prices are declining

Gold prices lost some ground in today’s session during the Asia trading hours as Asian equities traded higher.

Now, the yellow metal changes hands at $1508.68, which is a decline of $3.37 or 0.22% from the previous close of $1512.05.

The daily range is from $1504.99 to $ 1512.80, while the trading volume is 95.333K.

Moreover, later this week will be reported the Fed meeting minutes for July, along with the Thursday-through-Saturday Jackson Hole retreat.

Most investors are still focused on the on the progress of the Sino-U.S. trade developments.

Furthermore, adding to cap gains were solid results of the U.S. Treasury yields, higher demand for risky assets and the strong position of the USD.