Bengaluru — Gold prices edged lower on Friday as improved risk appetite amid signs of a thaw in the long-drawn US-China trade tiff drew investors away from the safe-haven metal, while palladium retreated slightly from a record peak hit in the previous session.
The two sides have been making conciliatory gestures ahead of scheduled trade talks in October, lowering the temperature between them and cheering investors. Asian equities rose as hints of progress in trade talks between the world's two top economies and aggressive stimulus from the European Central Bank helped buoy risk sentiment.
The bigger-than-expected stimulus will increase pressure on the US Federal Reserve and the Bank of Japan to ease policy next week to support a world economy increasingly characterised by low growth and protectionist threats to free trade.
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