Gold Slips After Negative Trump Tweet On China-U.S. Trade

(Kitco News) – Gold prices have dropped from their daily highs and are trading slightly lower in late-morning dealings Thursday, following a tweet from President Trump that appears to downplay any progress made on the U.S.-China trade dispute front. Gold saw some buying strength on Wednesday on reports the U.S. made an overture to China to restart the stalled trade talks between the world’s two largest economies. It can be extrapolated that a U.S.-China trade agreement would be a benefit for precious metals markets due to more demand coming from China because of its better economic strength from a trade agreement. December gold was last down $1.70 at $1,209.20.

By Jim Wyckoff
For Kitco News


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