• Gold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short covering and a softer U.S. dollar following news that Beijing will hold trade talks with Washington this month.
• Spot gold was down 0.2 percent at $1,172.48 an ounce as of 0426 GMT, after earlier falling as much as 1.2 percent to $1,159.96, its lowest since January 2017.
• U.S. gold futures were down 0.5 percent at $1,179.5 an ounce.
• Stop-loss selling early in the session pushed prices sharply lower, and it has recovered since on short-covering and physical buying, said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
• Bullion has lost its appeal as a safe-haven over the past few months as investors have preferred to park assets in U.S. Treasuries and dollar amid the uncertainty caused by the China-U.S. trade dispute.
• In an ongoing dispute with Turkey, which has roiled financial and currency markets, the United States on Wednesday ruled out removing steel tariffs, even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira.
• Some emerging market countries pared their holdings of U.S. Treasuries in June, data from the U.S. Treasury department showed on Wednesday, in what analysts viewed as a move to support their currencies as the Federal Reserve started raising interest rates this year.
• Higher U.S. rates tend to boost the dollar and bond yields, adding pressure on greenback-denominated, non-yielding gold.
• Spot gold may break a support at $1,162 per ounce and fall further into a range of $1,142-$1,154, Reuters technicals analyst said.
• In other precious metals, spot silver rose 0.1 percent at $14.44 an ounce after earlier hitting the lowest since February 2016 at $14.30.
• Platinum was 0.8 percent higher at $769.40, after earlier sinking to its lowest since October 2008 at $751.25.
• Palladium rose 0.5 percent at $846.47 an ounce, having hit an over 13-month low at $834.50, earlier.
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