market optimism: For now, gold is trading on dollar moves and will likely see a slight pause in following every trade headline, he said in a market update, according to Market Watch. While, we could see safe-haven demand return if markets are disappointed with the details of last week's trade deal, gold could continue to grind higher if the dollar pushes lower. Last week, gold survived a wrath of market optimism that stemmed from the phase one trade deal and the outcome of the U.K. general election, said Edward Moya, senior market analyst at Oanda. Gold for February delivery on Comex GCG20, 0.07% fell by 70 cents, or 0.05%, to settle at 1,480.50 an ounce after trading between a low of 1,477.40 and a high of 1,484.50. Read Gold prices look to post biggest annual rise in 9 years President Donald Trump and Chinese officials on Friday announced an agreement on a preliminary U.S.-China trade pact. March silver SIH20, 0.08% added 10. cents, or 0.6%, at 17.113 an ounce.
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