Gold pricing took a moderate hit today with the most active December Comex contract losing $9.40 to be currently fixed at $1,198.80 per ounce.

Both gold and the U.S. dollar closed lower on the day as the current trade dispute between the United States and China continues to be unresolved, and the increased probability that Trump will impose additional tariffs is heightened.

Last week it was all about the potential that President Trump would implement more tariffs on Chinese imports which moved the dollar higher and continued to put pressure on gold prices.