Investing.com – When nothing is clear, just keep. This appears to be a guide for gold traders these days, as a constant back-and-forth in U.S.-China trade negotiations continues to send signals, mostly contradictory, on the market.

Gold futures settled flat on Friday, while bullion apostilate just after Chinese President XI Jinping said Beijing wants to make a deal with the United States. But he said that China will fight if necessary against the threat of his colleague the President of Donald trump that Chinese imports will face a large number of duties from December 15, if the first stage of the agreement is not signed by that time.

Trump in the last review stated that the deal was “potentially very close.”

The gold futures for December delivery on the new York COMEX stood at around $1,463.60 per ounce as of Thursday.

Spot gold, which tracks the live trades in bullion, was down 82 cents, or 0.1%, to $1,463.33 to 14:21 Eastern time (19:21 GMT).

For the week, both benchmarks showed a slight decrease of about 0.4%.

Gold traders had a difficult week demanding direction due to the constantly changing goalposts in American-Chinese trade match.

“We are actively working to waging a trade war. We did not initiate this war, and it is not what we want,” said XI, speaking to reporters in the newspaper South China Morning Post.

But he added that his administration also intends to “restore the dignity and status of China” and to ensure that the history of its invasion and rule by the colonial powers, once “never happened again”.

Trump, while ambiguous about the war itself, decided to make pompous comments about the ongoing struggle in Hong Kong and China as the United States prevent more victims out there – the statement is almost certain to irritate Beijing.

“If not for me, Hong Kong would have been destroyed in 14 minutes,” said trump in an interview with “Fox”

Si “there are a million of soldiers standing outside of Hong Kong who are not going, only because I beg him:” Please don’t do this, you will be making a big mistake, ” said trump. “It will have a huge negative impact on the trade deal … and he wants to conclude the bargain”.

Trump, who met with the Chairman of the Federal reserve system by J. Powell this week, was also forced to exert pressure on the Central Bank to in December for the fourth time lowered interest rates. The fed, however, said Powell did not discuss monetary policy at this meeting.

“Golden error (are) expecting that the White house may seek assurances that the fed is ready to provide a backstop for the government if the trade war escalates”, TD securities said in a note.

Related articles

Oil Snaps 2-day rally on China; Optimism OPEC gives a positive week

Exclusive: CEO of Chevron is planning a large-scale cutting costs production team – sources