Gold price crumbles below $3,300 as trade hopes fade, US Dollar stays firm

  • Gold price made a U-turn and erased Thursday's gains, falling below the $3,300 mark as the Greenback remained bid and Bullion failed to capitalize on falling US Treasury yields. A de-escalation of the trade war between the US and China sponsored a leg-down in the precious metal, which exchanged hands at $3,294, losing over 1.60%.