Gold edges higher in the early Asian session amid weak U.S. economic data and signs of easing U.S.-China tensions. Thursday's data, showing rising jobless claims and a sharp decline in imports, raised the prospect of slowing economic growth.
Meanwhile, President Trump said his conversation with Chinese leader Xi Jinping was productive and both sides agreed to meet soon. Investors could remain cautious ahead of tonight's U.S. nonfarm payrolls report, Kudotrade's Konstantinos Chrysikos says.
"A strong reading could challenge the current rate-cut narrative and weigh on gold, while any downside surprise may drive gold prices up," Chrysikos says. Spot gold is up 0.2% at $3,359.26/oz.
Source: Dow Jones
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