Metals Stocks: Gold prices slip as investors watch China-U.S. tariff negotiations

By Markets/commodities reporter Gold futures held their ground above the key $1,500 mark by Thursday’s settlement, but posted their lowest finish in more than a week after President Donald Trump said he plans to meet with Chinese Vice Premier Lui He on Friday as the world economic powers hold their first day of talks in…

Metals Stocks: Gold prices slip as investors watch China-U.S. tariff negotiations

By

Markets/commodities reporter

Gold futures held their ground above the key $1,500 mark by Thursday’s settlement, but posted their lowest finish in more than a week after President Donald Trump said he plans to meet with Chinese Vice Premier Lui He on Friday as the world economic powers hold their first day of talks in Washington, D.C. “Big day of negotiations with China. They want to make a deal, but do I? I will meet with the Vice Premier tomorrow at The White House,” said Trump in a tweet. “Gold prices have been hit hard after the breaking news that Trump is going to meet [the] Chinese vice premier,” said Naeem Aslam, chief market analyst at ThinkMarkets. “Basically, this has increased the odds of a better deal taking place and this is exactly what investors have hoped.” The news buoyed benchmark U.S. stock indexes and dulled demand for haven gold. “Trump meeting the Chinese vice premier isn’t a small deal at all,” said Aslam. December gold on Comex

GCZ19, -0.49%

 lost $11.90, or 0.8%, to settle at $1,500.90 an ounce, after rising 0.6% on Wednesday. The most-active con
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