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2018.05.3101:24:00UTC+00Gold Prices Climb on Softer Dollar, Trade Tensions

Gold prices were slightly higher on Thursday, as the dollar eased from 6-½ -month peaks notched earlier this week, with prices further supported by concerns over U.S.-China trade.

Spot gold added 0.1 percent at $1,302.50 per ounce. The precious metal was on track for a monthly drop of nearly one percent, its biggest since February.

U.S. gold futures for June delivery were 0.1 percent higher at $1,303.20 per ounce.

China said on Wednesday it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross.

U.S. and North Korean officials met in New York late on Wednesday in the first of two days of talks about the future of Pyongyang's nuclear weapons program and a possible summit between U.S. President Donald Trump and North Korean leader Kim Jong Un.

In other precious metals, spot silver was steady at $16.51 an ounce, set to rise more than one percent this month.

Platinum dropped 0.2 percent to $904.94 an ounce but was headed for a small monthly gain. Palladium was steady at $985.40 an ounce and was headed for its biggest monthly gain since December, rising more than two percent.



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