Gold Loses Some Altitude Following Upbeat Trump Tweet On U.S.-China Trade
(Kitco News) - Gold prices have given back about half of their moderate gains seen near the opening of futures trading Wednesday morning. The yellow metal pulled back when the U.S. stock market moved well off its daily lows after President Trump tweeted that China is coming to Washington, D.C. this week to make a trade deal with the U.S.
The on-again, off-again U.S.-China trade deal saga continues to play out, with more unexpected twists and turns likely in the near term. June gold was last up $2.40 at $1,287.80.