India, Nov. 15 -- Gold prices fell on Friday as signs of progress in trade talks between the United States and China bolstered risk appetite.
Spot gold slid 0.4 percent to $1,465.46 per ounce, while U.S. gold futures were down half a percent at $1,466.05 per ounce.
Fresh hopes of a trade deal between Washington and Beijing turned risk assets higher today after White House economic adviser Lawrence Kudlow told reporters the U.S. and China are getting close to a 'phase one' agreement on trade.
He cited 'very good progress' but added President Donald Trump isn't ready to make a commitment.
Investors also welcomed a goodwill gesture by China lifting a nearly five-year ban on imports of U.S. poultry meat, a move that could lead to more than ...