Today the Chinese commerce ministry spokesman Goa Feng said that his government would not respond to the latest tariffs imposed by our current administration. Goa Feng said, “Escalation of the trade war won’t benefit China, nor the U.S., nor the world.”

Although market participants continued to buy both physical gold and gold futures, today’s gains were not enough to overcome dollar strength.

According to Wikipedia, “You can't have your cake and eat it (too) is a popular English idiomatic proverb or figure of speech. The proverb literally means "you cannot simultaneously retain your cake and eat it".