Gold futures fell slightly, as apparent progress in U.S.-China trade talks likely sapped some enthusiasm for safe-haven assets like gold.

Eventually other media will start writing about these huge purchases as well. Sooner or later, the truth will come out.

Gold prices edged lower on Tuesday as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets,

Prices of platinum, a white precious metal, have rallied over 30% this year, echoing robust gains in gold prices.

U.S. and China bark, Ukraine bites Even though the U.S. Court of International Trade (CIT) in New York ruled that the Trump administration had overstepped its authority in imposing sweeping tariffs on many countries back on April 2,

Gold prices rebounded on Wednesday to $3,335 per ounce, mainly due to uncertainty surrounding the finalization of a US-China trade deal and in anticipation of key U.S. inflation data. Officials on both sides agreed on a framework and on track to remove China's export restrictions on rare earths.