Gold futures headed lower Thursday, with the metal struggling to maintain a long-term bullish trend as traders eye prospects for a U.S.-China trade deal which may lower geopolitical risk.
Prices for the precious metal “continue to coil on a seesaw full of trade news,” said Edward Moya, senior market analyst at Oanda. “The base case seems to be we will still see a phase-one deal, even after President Donald Trump signs legislation backing Hong Kong protesters.”
