Gold Falls To Session Lows Technical Selling, Demand Concerns
(Kitco News) - Gold prices have drifted to modestly lower levels and near their daily lows in late-morning trading Tuesday. Some fresh chart-based selling has occurred today, as the bears still have the overall near-term technical advantage. There is also some selling pressure in gold today tied to ideas the escalating U.S.-China trade war will prompt less demand for metals coming out of China, due to the Chinese economy being negatively impacted by the U.S. tariffs. December gold was last down $3.00 an ounce at $1,203.10.