16/10/2019
Gold stabilized today as the optimism of the US-China trade talks eased as investors awaited the outcome of essential talks that will determine how Britain will leave the European Union while deficit-hit palladium hit a record high.
Spot gold was down 0.1 percent at $ 1,490.70 an ounce by 0711 GMT, while US gold futures were down 0.2 percent at $ 1494.80 an ounce.
A report by Bloomberg on Monday, citing sources, said China wants more talks at the end of this month to elaborate on the first phase of the trade deal announced by US President Donald Trump before Chinese President Xi Jinping agrees to sign it.
Palladium jumped to a peak of $ 1,726.74 an ounce. Fears of running out of metal, used in automobile exhaust systems, have contributed to a price rise of more than 36 percent so far this year.
Silver fell 0.2 percent to $ 17.61 an ounce and platinum fell 0.1 percent to $ 891.77
