Washington: Gold prices saw a modest increase on Thursday as the U.S. dollar slipped from its recent highs and investors awaited the outcome of the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

Spot gold rose by 0.2 percent to around 3,937 dollars an ounce, while U.S. gold futures for December delivery were down 1.2 percent at about 3,950 dollars. The U.S. dollar index eased by 0.2 percent after reaching a two-week high, making the precious metal more attractive to investors using other currencies.

Market analysts noted that the current rise in gold prices is largely due to a technical rebound rather than strong fundamental factors. The Federal Reserve’s latest interest rate cut of 0.25 percentage points brought rates down to a range of 3.75 to

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