Doha: Gold prices declined on Thursday after a US-Vietnam trade deal eased tensions, while investors awaited the US payroll data later in the day for clues about the Federal Reserve’s policy path. Spot gold lost 0.3% to $3,345.57 per ounce, while US gold futures lost 0.1% to $3,356.60.

According to Qatar News Agency, the trade agreement between the United States and Vietnam brought about a reduction in tariffs, with the US imposing a 20% tariff on various Vietnamese exports, a rate lower than initially promised. The Southeast Asian nation is the US’s tenth-largest trading partner.

Among other precious metals, spot silver fell 0.6% to $36.36 per ounce, platinum lost 0.5% to $1,412.13, and palladium shed 0.4% to $1,150.28. Investors are now focused on the upcoming US payroll data, which is expected to provide further insights into the Federal Reserve’s future policy decisions.