(Kitco News) – Gold prices have slipped modestly lower and are at their daily lows in late-morning action Wednesday. The yellow metal has lost its moderate early gains as the U.S. stock market has recovered its solid early losses and the stock indexes have moved modestly higher and are at their daily highs.
Following an upbeat tweet from President Trump regarding U.S.-China trade talks, traders and investors have gained a bit more risk appetite. June gold was last down $2.60 at $1,283.10.
By Jim Wyckoff
For Kitco News