Gold Prices Drop

Gold prices slipped this morning especially during the Asian hours  after trade talks between the U.S. and China showed some indications of coming closer.

Now, gold prices trade at $1457.19, which is an addition of $2.25 or 0.15% from the previous close of 1454.94.

The daily range is from 1451.53 to $1459.08, while the trading volume is 103.344K.

Meanwhile, China’s Ministry of Commerce reported that their highest official Liu He talked with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning.

Beijing and Washington could have sign the partial deal last month in Chile during the APEC summit. However, this didn’t take place as Chile was forced to cancel the summit due to local civil unrest.