Gold prices were subdued in thin trade on Monday as upbeat U.S. jobs data and hopes for progress in U.S.-China trade talks helped improve investors' appetite for risk.
Spot gold slid half a percent to $1,310.64 per ounce after hitting its highest level since April 26 at $1,326.30 last week. U.S. gold futures were down about 0.6 percent at $1,314.75 per ounce.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.