Gold Slips on US-UK Trade Deal; Markets Eye US-China Talks
Source: Emirates247
Gold fell on Friday after U.S. President Donald Trump announced a trade deal with the UK, dimming bullion's safe-haven appeal, while attention shifted to U.S.-China talks this weekend.Spot gold fell 0.8% to $3,277.67 an ounce, as of 0217 GMT. U.S. gold futures lost 0.7% to $3,282.80.Trump and British Prime Minister Keir Starmer announced a "breakthrough deal". A 10% tariff on goods imported from the UK remains in place, while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods."I think the progress in trade talks and the U.S.-UK deal is the main...