Investing.com - Gold prices were little changed on Thursday in Asia as U.S. President Donald Trump said a trade deal with China might come sooner than expected.
Gold Futures for December delivery inched up 0.1% to $1,516.95 per ounce on the Comex division of the New York Mercantile Exchange by 1:08 AM ET (05:08 GMT).
His comments came just one day after he accused China of stealing U.S. intellectual property and trade secrets, damping optimism for any near-term rapprochement between the two countries when talks between top trade negotiators resume in two weeks’ time.
“It’s payout time in gold. Profit-takers were cashing in Wednesday the fruits of a three-day rally in the yellow metal,” said Barani Krishnan, senior commodity analyst at Investing.com.
Earlier reports that Congress has begun its impeachment action against Trump had little impact on the yellow metal.
Trump is said to have pressured Ukraine, a foreign country, to launch a probe that could hamper his Democrat rival Joe Biden in 2020 presidential elections.