Gold On MCX Settled Down -0.14% At 30105 As The Dollar Rose

Gold on MCX settled down -0.14% at 30105 as the dollar rose due to easing trade tensions and weak demand for the precious metal due to expectations of higher interest rates in the United States.

Tensions between the United States and China eased after U.S. Treasury Secretary Steven Mnuchin said on Thursday talks between the world's two largest economies could be reopened if Beijing is willing to make significant changes. 

The Federal Reserve last month raised its benchmark overnight lending rate 25 basis points to 1.75-2.0 percent.

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