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There are reports that China has invited senior U.S. negotiators for a new round of negotiations, rekindling hopes that China and the United States will reach a trade agreement, but conflicting signals about the progress of the negotiations have curbed the fall in gold prices.
Spot gold fell 0.5% to $1464.43 an ounce at 1849 GMT. Gold hit a two-week high of $1478.80 the day before.
US gold futures fell 0.7% to close at $1463.60 an ounce.
"At present, the stock market is a little weak, but the gold price is still down, which is worrying. If the stock market continues to rise and there is some optimism about a trade deal, then I expect gold prices to plummet, "said Daniel pavionis, senior market strategist at rjo futures.
China's economic and trade teams will continue to maintain close communication with China and the United States, a spokesman for the Ministry of Commerce Gao Feng said Thursday. At present, there is no more information about the details of the negotiation, but the rumors from the outside world are not accurate.
Citing unnamed sources on Thursday, the Wall Street Journal reported that China had invited senior U.S. trade negotiators to a new round of face-to-face talks in Beijing.
The next round of US tariffs on Chinese goods will come into effect on December 15.
However, global stock markets and U.S. currency markets are still uneasy about the fate of the "first phase" trade agreement between China and the United States, after the U.S. Congress passed two bills designed to support Hong Kong protesters, warning China of human rights policies.
Gold has risen more than 14% so far this year, possibly the biggest annual increase since 2010. Gold is seen as a safe haven in times of economic and political uncertainty.


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