Three key elements continue to put pressure on gold. First and foremost is the fact that U.S. equities continue to rally and go to new all-time record highs. Second is an optimistic overtone that a U.S. China trade deal may be forthcoming. Lastly the U.S.
Recent Reports
Gold futures recovered after trading to a low last night of $1449.60. As of 4 PM EST the most active December contract is currently fixed at $1462.10, putting it up $5.20 on the day.
A combination of U.S. equity strength and optimism about the current negotiations between the United States and China have resulted in selling pressure in gold. Gold futures are currently trading at $1455 per ounce, a net decline of $8.60 on the day.