Gold Prices Lose Altitude As U.S. Stock Market Posting Solid Gains

(Kitco News) – Gold prices have lost over half of their early gains in morning dealings Tuesday. The U.S. stock market has surged on a tweet from President Trump that said he and Chinese President Xi will talk next week at the G-20 meeting in Japan. The rally in the U.S. stock market took away some investor interest in safe-haven gold. August gold futures were last up $5.00 an ounce at $1,348.00.

By Jim Wyckoff
For Kitco News


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