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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Gold price stabilises ahead of weekend US-China trade talks

Gold price stabilises ahead of weekend’s US-China trade talks​ as investors are getting jittery and buy the precious metal as a hedge.

Gold Source: Adobe images

Written by

Axel Rudolph FSTA

Axel Rudolph FSTA

Senior Technical Analyst

Article publication date:

​​​Gold price tries to stabilise 

​The spot gold price's over 3% drop from this week's $3,435.00 per troy ounce high amid hopes of US trade agreements being made, like the one with the UK on Thursday, is being followed by a recovery in the precious metal ahead of this weekend's planned US-China trade talks which slightly concern investors and weigh on sentiment. 

​While Friday's intraday low at $3,275.00 underpins, this week's high at $3,435.00 may well be revisited. 

​Support below $3,275.00 and the 23-to-28 April lows can be spotted at $3,268.00-to-$3,260.00 ahead of last week's low at $3,202.00.

Spot gold chart Source: TradingView