Gold prices held steady on Wednesday and the dollar weakened as investors looked for progress in U.S.-China trade talks.
Both spot gold and U.S. gold futures were marginally higher at $1,311.01 per ounce and $1,314.15 per ounce, respectively.
U.S. and Chinese negotiators will resume their final trade talks on Thursday in the face of a looming March 1 deadline set for reaching a trade pact.
U.S. tariffs on $200 billion of Chinese imports are scheduled to increase from 10 to 25 percent if a deal is not struck before then.
Risk sentiment improved somewhat after U.S. President Donald Trump indicated he could extend the deadline for raising tariffs on China, if the two sides are near an agreement.
Also, investors were heartened by a tentative congressional spending deal to avoid another partial federal government shutdown in the U.S.
The material has been provided by InstaForex Company -
www.instaforex.com