Gold prices rose on Monday in Asia

Gold prices rose on Monday in Asia ahead of a U.S. Federal Reserve meeting later this week. The gold price now is trading above the $1,300.

Gold prices rose on Monday in Asia

Gold Futures were up 0.4% at $1,302.75 by 12:12 AM ET (05:12 GMT) on the Comex division of the New York Mercantile Exchange.

Meanwhile, the ongoing trade negotiations between the U.S. and China are also expected to be a major focus this week, as the two sides try to reach a trade deal before a deadline on March 1.

Chinese officials will arrive in Washington on Wednesday for another round of trade talks with their U.S. counterparts. Officials have until March 1 to reach a deal after which U.S. President Donald Trump has said he could move forward with fresh tariffs on Chinese imports.

Elsewhere, traders will be awaiting an expected update on U.S. fourth-quarter growth on Wednesday and Friday’s U.S. government employment report for January.

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