- Gold prices edged lower on Friday on rising risk appetite buoyed by optimism over an interim U.S.-China trade deal, but bullion was still set to register its best week in more than four months.
* For the week, spot gold was on track to post a jump of 2%, its best weekly rise since early August. * China’s Commerce Ministry said on Thursday that Beijing and Washington were still in the process of completing necessary procedures while maintaining close communication to sign the deal.* Weighing on gold, data on Friday showed profits at China’s industrial firms in November grew 5.4% from a year earlier, while data on Thursday showed U.S. jobless claims fell last week indicating ongoing labour market strength.
* Zambia plans to make copper mining companies account for the gold they produce as it seeks to boost revenue from its mineral resources, a senior ministry of mines official said on Thursday.
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