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Gold slips as thaw in US-China trade woes lift stocks

“Asian stocks rose on hopes for a thaw in U.S.-China trade frictions and expectations that the ECB will kick off another wave of monetary easing by global central banks” reports Gold prices fell on Thursday as equities gained on improving risk sentiment buoyed by signs of gradual de-escalation in U.S.-China trade tensions, while investors eyed European Central Bank’s meeting for cues on monetary policy easing.Spot gold fell 0.4% to $1,491.86 per ounce at 0117 GMT. U.S. gold futures were down 0.3% at $1,499.5 an ounce.Trump called on the “boneheads” at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other central banks to battle weak economic growth that risks punishing savers and banks’ earnings.

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