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Gold prices edge lower as U.S-EU trade concerns abate

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold edged lower on Thursday in response to an easing of trade tensions after the United States agreed to refrain from imposing tariffs on cars from the European Union. The two sides will also begin talks to cut other trade barriers, they announced on Wednesday following a meeting at the White House.Gold usually loses ground to riskier assets such as stocks when global financial and political worries fade.Spot gold slipped 0.2 percent to $1,228.33 per ounce by 1220 GMT, after it rose 0.6 percent on Wednesday. Earlier in the session, the metal hit ...

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First Published: Thu, July 26 2018. 20:15 IST
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