Gold prices edge up on trade talk hopes, but Fed stance caps gains
Synopsis
Russia Raised Gold Holdings by 6.2 Tonnes in January -IMF.
Spot gold had risen 0.11 per cent to $1,324.63 per ounce by 0053 GMT, after touching its strongest in 10 months on Wednesday at $1,346.73.
The dollar index against a basket of six major currencies was little changed at 96.582 after edging up about 0.15 per cent overnight when long-term Treasury yields surged to a one-week high amid news of progress in US-China trade talks.
Top US and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a US-imposed deadline to reach agreement expires and triggers a new round of tariffs.
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Russia Raised Gold Holdings by 6.2 Tonnes in January -IMF.
US gold miner Newmont Mining Corp beat analyst estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs.
* Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts.
The world's biggest undeveloped gold and copper mining project, planned in southwestern Alaska near the largest fishery for sockeye salmon globally, moved a step closer to approval on Wednesday after the US Army Corps of Engineers released a draft environmental impact statement.