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The yellow metal Gold ended its nine-week winning streak, after a sharp correction as the market revaluated a rally that send the precious metal into overvalued territory.

The safe haven asset pared losses on Friday after a softer than expected US inflation report buoyed bets on further monetary easing by the US Federal Reserve. The bond yields inched closer as traders priced in a high likelihood of two interest rate reductions before the year is over.

Meanwhile, the lower rates typically benefit bullion as it pays no interest.

On the other hand, investors continue to weigh in US-China trade ties ahead of the Xi-Trump meet scheduled next week to improve relations.

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A trade deal would relieve some of the geopolit

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