Gold Erases Gains as Trump Ratchets Down China Trade-War Tension
- U.S. president said China has asked to restart trade talks
- Gold futures ease after reaching highest since April 2013
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Gold erased gains after U.S. President Donald Trump said China wants to make a deal on trade, easing demand for the metal as a haven.
Bullion futures for December delivery settled little changed at $1,537.20 an ounce at 1:30 p.m. on the Comex in New York, after surging as much as 1.8% to the highest since April 2013. The metal jumped Friday and global stocks plunged as the world’s two biggest economies levied tit-for-tat tariff increases.