Gold Prices Steadied As The Dollar Steadied Amid Seemingly Easing Trade Tension

Gold prices steadied as the dollar steadied amid seemingly easing trade tension. The US Dollar remained positive traction and built on overnight rebound from two-week lows, which was eventually seen exerting some fresh downward pressure on dollar-denominated commodities - like gold. 

Adding to this, firming prospects for a gradual Fed rate hike through 2018 was further seen driving flows away from Gold. U.S. President Donald Trump on Wednesday said he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.

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