Gold Prices Into A Static Mode

Gold prices were partly static last night after a lower optimism over a possible trade deal between the Beijing and Washington.

Top Chinese officials stated that U.S. President Donald Trump’s comments that he did not approve the removal of the tariffs.

Currently, the yellow metal changes hands at $1467.09, which is a drop of $4.00 0.27% from the previous close of 1471.09.

The daily range is from $1466.88 to $1475.25, while the trading volume is 142.225K.

The prices of the yellow metal retreated late last week after Commerce Secretary Wilbur Ross and White House economic adviser Larry Kudlow indicated in that the U.S. and China were closing in on a deal.

Meanwhile, the Fed’s chairman Powell’s remarks “were consistent with his remarks at his congressional hearings last week.”