Gold traders returning from an extended three-day holiday weekend were met with strong selling pressure and lower pricing in gold, silver and platinum.
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Gold’s respectable gains on Thursday took a week that was headed for a lower close, to closing fractionally higher for the week. Gold traded to a low of $1269, which is two dollars above the double bottom which occurred in April.
Although it’s been over a week, with both China and the United States moving farther away from an agreement and resolution to the current trade war.
The additional tariffs That Trump initiated by raising the current tariffs from 15% to 25