Gold traders say the Trump-Xi summit matters for gold prices: a deal that eases tensions could pull money back into stocks and cut gold demand, while escalation could support gold. Gold was trading around US$4,273-4,303 an ounce, under pressure from a stronger dollar, higher bond yields, rebounding oil prices and expectations of another Fed rate hike next month. For a Thai SME this mainly affects gold-linked costs and jewellery or gold-buying businesses; no direct action is needed for most firms.