Precious metal assets are back below $3,400 as the United States and the European Union (EU) are expected to sign a tariff negotiation agreement similar to the one Japan recently did.
At 9.15 am, gold prices were at $3,390.35, unchanged since it opened early Thursday in the Asian session.
According to a report by the Financial Times, a trade deal has been revealed with US adviser Peter Navarro saying that leaks of negotiation information should not be taken seriously as the discussions were conducted in secret.
The talks are nearing an agreement with a 15% tariff on European Union (EU) goods imported into the United States.
Meanwhile, the US dollar's decline continues despite a narrowing in US Treasury yields as reflected in the 10-year note.
Gold began to show a significant downward trend during Wednesday's trading session following news that Japan and the US agreed to end a 15% swap on its imports.
For now, the market will feature the Initial Jobless Claims report for the week ending July 19 and Durable Goods Orders.
