Gold prices held firm on Thursday on the back of a weaker dollar as appetite for risky assets like equities waned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart. Spot gold was mostly unchanged at $1,254.06 per ounce by 0324 GMT. U.S. gold futures climbed as much as 1 percent to $1,260.80 and were last up 0.6 percent at $1,256. Investors were cautious ahead of the meeting between Trump and Chinese President Xi Jinping due later on Thursday, the first between the world's two most powerful leaders. 

Topping the agenda at Trump's Mar-a-Lago resort in Florida will be whether he makes good on his threat to use U.S.-China trade ties to pressure Beijing to do more to rein in its nuclear-armed neighbour North Korea. "Gold is bid partially because of the risk aversion and also because the dollar is at pressure against the yen," said Jeffrey Halley, senior market analyst at OANDA.

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