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Gold slips from six year peak on Sino-US trade optimism

image Gold retreated on Thursday as investors booked profits after the metal rallied to a six-year peak in the previous session and hopes of a thaw in U.S.-China trade ties spurred demand for riskier assets.

Spot gold fell 0.6% to $1,542.51 per ounce as of 1143 GMT, having scaled $1,557 on Wednesday, its highest since April 2013.

U.S. gold futures dropped 0.6% to $1,551.30 per ounce.

"The fact that they (U.S. and ........................ET