Although tension with North Korea continues to fuel safe haven demand, gold prices sold off moderately in late afternoon trading. As of 2:30 Eastern Standard Time, gold futures are currently trading off $5.00 at 1283.40.

In pre-holiday trading, gold prices continue to hold steady while inching closer and closer to $1300 per ounce. In an interview with the Wall Street Journal, statements made yesterday by President Trump put dramatic pressure on the U.S. dollar.

As market participants react to continued geopolitical concerns in both the Middle East and northern Asia, safe haven demand continues to bid up gold pricing.