Gold price dives to two-week low as US-China trade deal hopes undermine safe-haven demand

  • Gold price (XAU/USD) remains under some selling pressure for the third successive day and drops to a two-week low, around the $3,230-$3,229 area during the Asian session on Thursday. US President Donald Trump's remarks earlier today add to the recent optimism over the potential de-escalation of the US-China trade war and turn out to be a key factor driving flows away from the safe-haven precious metal.