Gold rises as investors await US-China trade talks

Gold rises as investors rush to buy the precious metal following a decline in the previous session, while markets await the upcoming trade talks between the United States and China early next week.

Spot gold rose 0.1% to $3,309.39 per ounce, while US gold futures rose 0.3% to $3,314.20.

Spot gold had fallen about 2% in the previous session, reaching $3,288.39, after US President Donald Trump announced a trade deal with the UK.

Trump and British Prime Minister Keir Starmer said they had reached a “breakthrough agreement” to maintain a 10% tariff on goods imported from the UK.

Under the agreement, Britain agreed to reduce its tariff from 5.1% to 1.8%, further opening its market to US goods.