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Gold prices slide as U.S.-EU trade tension abates

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold edged lower on Thursday under pressure from a stronger dollar and in response to easing 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 dropped 0.4 percent to $1,225.89 an ounce by 1:34 p.m. EDT (1734 GMT), after it ...

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First Published: Thu, July 26 2018. 23:32 IST
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