Gold prices scaled one-week highs on Thursday, holding ground above $1,500 an ounce, as investors flocked to the safety of bullion following contradictory reports about Sino-U.S. trade talks.
Spot gold gained by 0.2% to $1,508.82 per ounce, as of 0412 GMT, having notched a one-week peak of $1,516.77 early in the session. U.S. gold futures inched 0.1% higher to $1,514.
"There is a possibility that trade talks may not have good results, and the bottom line is it will take long. So you may want to buy gold," said Argonaut Securities analyst Helen Lau, adding that some volatility could be expected in the market.
The New York Times reported Washington will soon issue licences allowing some U.S. firms to supply non-sensitive goods to China's Huawei Technologies, while Bloomberg reported the White House is looking at rolling out a previously agreed currency pact with China.
Asian stocks came off early lows as some reports raised hopes that the United States and China would settle some economic disputes.
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