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The news of the US-UK trade protocol reverses the rise in gold.
According to ChainCatcher news and reports from Jin10, spot gold reversed its trend on Thursday, following reports that U.S. President Trump may sign a trade agreement with the UK, putting pressure on the market, while investors are waiting for the results of the U.S.-China trade talks this weekend. "In terms of trade agreements, any easing of trade wars and a reduction in uncertainty will be unfavorable for gold. If the U.S. announces a trade agreement with the UK, it will have a positive impact on the global economy as a whole," said Jigar Trivedi, senior commodity analyst at Reliance Securities.