The news of the US-UK trade agreement reverses the upward trend of gold

ChainCatcher news, according to Jinshi reports, spot gold reversed its trend on Thursday after reports that U.S. President Trump might sign a trade agreement with the UK, putting pressure on the market, while investors are waiting for the outcome of the U.S.-China trade negotiations this weekend. "In terms of trade agreements, any easing of trade tensions and reduction of uncertainty will be detrimental to gold. If the U.S. announces a trade agreement with the UK, it will have a positive impact on the overall global economy," said Jigar Trivedi, senior commodity analyst at Reliance Securities.