Gold Dropped After The United States Said It Would Delay Tariffs

Gold trading range for the day is 36606-39250.

Gold dropped after the United States said it would delay tariffs on some Chinese products and on news that both sides agreed to continue trade talks.

USTR said the Trump administration will delay 10% tariffs on certain Chinese products, including laptops and cell phones, that had been scheduled to start next month.

The fears of a possible return to interventionist policies gripped the Argentine market after market-friendly President Macri lost by a much bigger-than-expected margin.

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