Gold Prices Drop 0.5% as U.S.-China Trade Talks Enter Second Day
Key Points
- Gold prices dipped to $3,311.16 an ounce amid U.S.-China tra...
Ah, gold - that shiny metal that traders flock to faster than bargain hunters at a Black Friday sale - just took a modest tumble to $3,311.16 an ounce. Why? Because the U.S. and China are having another one of their famous "let's figure this trade stuff out" meetings in London.
Trading Tea Leaves
President Trump's optimistic vibes about the negotiations have traders sitting on their hands like cats on a hot tin roof. Market guru Tim Waterer from KCM Trade suggests if these talks actually go somewhere positive, gold might lose some of its "security blanket" appeal. After all, who needs a sa...
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