Gold futures rose modestly on Thursday on possible dip-buying, rebounding after the U.S. Federal Reserve lowered interest rates in line with market expectations but Fed Chair Powell's remarks indicated a December rate cut is "not a foregone decision - far from it.

Traders have scaled back bets that the Fed will cut rates again at its next policy meeting on Dec 10 after remarks from Fed chair Jerome Powell Read more at The Business Times.

Net imports via Hong Kong to China for September stood at 22.047 metric tons, compared with 26.746 tons in August.

The People’s Bank of China reported its 11th consecutive monthly gold purchase, adding 1.2t in September and pushing the Q3 total to 5t. Read more here.

Major indexes all closed at all-time highs, with the S&P 500 ending above 6,800 for the first time ever.

China aims to become custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market, according to people familiar with the matter.

Gold and silver prices extended last week's sharp losses as the US and China agreed to a framework for trade negotiations, and analysts say prices could move even lower in the near term.

Higher business uncertainty in the U.S. is also pushing gold prices up,” according to Apollo chief economist Torsten Slok.

Gold prices dropped below $4,000 an ounce in Monday dealings, pressured in part by renewed optimism surrounding U.S.-China trade negotiations. That price level marks a "key threshold" that will define the near-term forecast for the precious metal,