Gold On MCX Settled Up 0.3% At 31372 As The Dollar Retreated From An Earlier Three Month

Gold on MCX settled up 0.3% at 31372 as the dollar retreated from an earlier three-month peak and U.S. equities weakened, even as benchmark U.S.

Treasury yields passed 3 percent for the first time in more than four years. US President Trump said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.

The uncertainty being generated by U.S. trade tariffs is already hurting investment in the global economy and could do serious damage to world growth, European Central Bank policymaker Francois Villeroy de Galhau said.

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