Gold prices rose in Asian trading on Friday after two days of declines. This happened as investors awaited Chinese trade talks and considered the implications of a new US-UK trade deal.
At first, gold prices fell in early Asian trading as experts were unsure whether the UK deal would lead to less tension. But then, prices rose.
On Thursday, the US President signed a trade deal with the UK. The US will keep a 10% tariff on UK products, while the UK will reduce its tariffs from 5.1% to 1.8%.
The US President also said he expects important trade talks with China soon. US and Chinese officials are scheduled to meet over the weekend to discuss trade.
