The United States has suspended plans to sanction China’s Ministry of State Security over a large-scale cyber espionage campaign, in order to maintain a trade truce agreed earlier this year, News.Az reports, citing the Financial Times.

In a significant move signaling a thaw in Washington-Beijing trade relations, China has rolled back some key export restrictions on critical minerals and rare earth materials to the United States, News.Az reports, citing CNBC.

Gold hovered close to $4,000 an ounce on Friday as traders assessed the implications of a temporary US-China trade truce that did little to ease long-term rivalry concerns between the two global powers.