Gold Prices Advance

Gold prices rallied this morning, especially during the Asian trading hours, but advances were limited as the market is focused on the developments of the Sino-U.S. trade talks progress.

Now, the precious metal trades at $1509.10, which is an incline of $3.64 or 0.24% from the previous close of $ 1505.46.

The daily range is from $1503.69 to 1516.96, while the trading volume is 249.621K.

A report of the minutes of its September meeting the Fed stated that interest rate reductions are expected in case the central bank deemed necessary to stimulate the economy.

The market is still focused on the development of the Sino-U.S. trade war.

Markets are still cautious as conflicting implies in seemed is generated from both sides as trade talks resumed this week.