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Gold Falls To Session Lows Technical Selling, Demand Concerns

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Live 24 hours gold chart [Kitco Inc.]

(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.

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.

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