Gold On MCX Settled Up 0.97% At 33416 On The Back

Gold on MCX settled up 0.97% at 33416 on the back of a pause in U.S. interest rate hikes, although optimism about a Sino-U.S.

Trade deal boosted risk appetite, capping gains. President Trump said he was optimistic that the world's two largest economies could reach "the biggest deal ever made."

U.S. President Donald Trump said he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as the top U.S. negotiator reported “substantial progress” in two days of high-level talks.

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