Gold's price (XAU/USD) remains near another fresh all-time high after already having printed one in early trading on Thursday. The precious metal trades around $2,955 at the time of writing. The push higher comes after United States (US) President Donald Trump said that a trade deal with China could be possible.
Geopolitical concerns at the same time grew after President Trump said Ukraine started the war with Russia and alluded it is time to repay the US for all the funding provided.
Meanwhile, the Federal Reserve (Fed) Minutes for the January policy meeting released on Wednesday had little impact. Only a handful of Federal Open Market Committee (FOMC) members advocated for a steady interest rate and no rush for any cuts. Considering this, chances for a June interest rate cut still stand.
Source: FXStreet
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