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Gold falls, trade war fears continue

Spot gold fell 0.6% to $2,934.99 an ounce as of 09:55 a.m. (1455 GMT), after reaching $2,956.15 on Monday.

U.S. gold futures declined 0.5% to $2,948.60.

Trump said on Monday that tariffs on Canadian and Mexican imports were “on time and on schedule”

“I still think that there’s enough uncertainty out there associated with tariffs (and) trade more generally… dips are going to continue to be viewed as buying opportunities,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.

Spot silver shed 1.2% to $31.96 an ounce, platinum dropped 0.8% to $959.35 and palladium lost 0.8% to $932.50.

Source – Reuters

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  • Arkansas Gold & Silver Dealer Page!

    I’m very happy to post a new state page for Victorias Coin – National Gold & Silver Dealer Directory today! Welcome Arkansas!!

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