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Gold Prices Inch Up as Dollar Slips by www.expertcommodity.com

© Reuters.
Gold prices inched up while the dollar slipped on Thursday following reports that China delivered a written response to U.S. trade demand, and that the two nations resumed talks earlier this week to diffuse their trade disputes.
Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% at $1,211.8 a troy ounce.
Meanwhile, Asian stocks were lifted by reports that Beijing and Washington resumed talks to diffuse their trade disputes earlier this week.

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Citing three U.S. government sources,China delivered a written response to the U.S. for trade reform. However, the sources did not provide any further details.
"For gold, 1,200 is providing a good support and the market could trade firmer from here," head of dealing at Wing Fung Precious Metals in Hong Kong.
Gold has fallen more than 11% from a peak in April as amid escalating U.S.-China trade friction. Higher U.S. interest rates was also a headwind for the precious metal.

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