Gold futures have traded in an expanded price range with the most active December contract trading to a high of $1546.10, and the low of $1488.90, resulting in a trading range of over $57 today.

For the first time since November 2011 and May 2012 gold pricing has matched the lows achieved during those months. Looking at a monthly chart we can see that this current rally has taken gold pricing to the highest trading point since April 2013.

Today as President Trump was leaving the White House and headed to New York for another fundraiser he said that there are open communications between the United States and China, and that we are talking although “We are not ready to make a deal.