Gold On MCX Settled Up 0.07% At 31112 As Prices Recovered From Lows On Dollar

Gold on MCX settled up 0.07% at 31112 as prices recovered from lows on dollar weakness but remained under pressure amid easing trade war fears and signs of waning demand for the yellow metal. 

The world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks aimed at boosting U.S. exports to China. 

The yellow metal is also being weighed down by expectations that the Federal Reserve will lift U.S. interest rates again next month. Higher interest rates make non-yielding assets like gold less attractive to investors.

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