Published: 2018.08.29. Gold prices inch up, but U.S.-China trade tensions weigh

Gold prices inch up, but U.S.-China trade tensions weigh  - Preview

Gold prices edged up on Wednesday after falling as much as 1 per cent in the previous session, but Sino-US trade tensions continued to drag on the precious metal.

Spot gold was up 0.1 per cent at $1,202.46 an ounce at 0112 GMT. Prices hit their highest since Aug. 10 at $1,214.28 on Tuesday, but fell as much as 1 per cent later in the session.

US gold futures were down 0.5 per cent at $1,208.90 an ounce on Wednesday.

US and Chinese officials ended two days of talks last.