Gold prices steady near $4,379 as markets await U.S.-China talks

  • Gold prices held steady as investors awaited U.S.-China talks and monitored Middle East tensions.
  • Spot gold was $4,379.37 an ounce, while futures slipped to $4,417.57.
  • Gold gained about 0.6% last week as Treasury yields and the dollar fell.

Gold prices were little changed in Asian trading on Monday as investors awaited talks between U.S. President Donald Trump and Chinese President Xi Jinping and monitored persistent Middle East tensions. Spot gold stood at $4,379.37 an ounce, while futures slipped to $4,417.57. Gold rose about 0.6% last week after Treasury yields and the dollar declined following the Federal Reserve’s 25-basis-point rate increase, its first hike in three years. Markets are also watching developments involving Yemen, Saudi Arabia, the United States and Iran, while other precious metals advanced.

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