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Weekly Market Reports

U.S.-China Trade Tensions Create Market Uncertainty

  • For the week, Gold is on track to lose 1.9%, which would represent the firmest sharpest decline since a 2% decline in the week of November 9, 2018.

Gold settled lower Monday, as investors watched developments in trade discussions between the United States and China. Gold prices rose slightly on Tuesday only to lower again, pressured by strength in the U.S. dollar. Gold headed higher on Wednesday, as investors kept an eye on U.S.-China tariff negotiations, developments around Brexit and economic data.

Gold advanced on Thursday, only to fall amid mixed signals over prospects for U.S.-China trade talks. On Friday, Gold sank lower, putting bullion on track to record its steepest daily drop in October, dragging the commodity to its sharpest weekly fall in more than a year. Markets have been on edge for weeks because of contradicting signs of a breakthrough in U.S.-China trade tensions, in addition to progress on Brexit.

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APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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