(Kitco News) – Gold prices in late-morning dealings Friday have eliminated their moderate daily losses that drove prices to a three-month low overnight on news that President Donald Trump said the U.S. has not yet agreed to roll back tariffs on Chinese imports. News reports on Thursday said a U.S.-China partial trade deal was very close to being signed and that both sides had agreed to roll back their tariffs. Today’s Trump comments inject fresh uncertainty on the U.S.-China trade matter, and that is supporting some buying interest in safe-haven gold and silver–or at least limiting selling interest in their futures markets. December gold was last steady at $1,466.40.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
