US to delay some tariffs on Chinese goods

Financial Times/James Politi, Alistair Gray and Richard Henderson/8-13-2019

graphic of red and green arrows“The Trump administration said it would delay imposing a 10 per cent tariff on a series of consumer goods imported from China — including laptops and cell phones — until December, in a bid to ease fears about the trade war’s impact on markets and the economy.”

USAGOLD note:  Volatility. This news sent the gold price briefly back below the $1500 level to $1486 where it found quick, immediate support.  It then pushed back over the $1500 level to $1502 where it is trading as this article is posted. The bad news is that gold has rediscovered volatility.  The good news is that someone is buying the dips.

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