Make Kitco Your Homepage

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

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News