India, April 17 -- Gold prices traded lower on Thursday as the dollar's recent sell-off took a pause ahead of a long weekend.
Spot gold was down 0.6 percent at $3,321.94 per ounce in early European trade, after having surged to a record high of $3,357.40 per ounce earlier on safe-haven demand amid escalating global trade tensions. U.S. gold futures were down 0.2 percent at $3,338.61.
The dollar gained against the yen as tariff negotiations between Japan and the United States began in Washington on Wednesday with goodwill being expressed by both sides.
U.S. President Donald Trump said negotiators made "big progress" in the meeting.
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However, Japanese Pri...