India, June 27 -- Gold prices fell slightly on Thursday to extend losses from the previous session as optimism prevailed ahead of the highly anticipated meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week.
Spot gold slid 0.25 percent to $1,405.75 per ounce, after having fallen over 1 percent in the previous session as Fed officials played down expectations of aggressive rate cuts. U.S. gold futures were down half a percent at $1,408.45 an ounce.
Trump voiced optimism over the possibility of a trade agreement with China but said he is still considering imposing "very substantial" tariffs on all Chinese imports if the two countries were unable to reach a deal during the meeting.
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