US to delay some tariffs on Chinese goods

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Published : August 13th, 2019
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Financial Times/James Politi, Alistair Gray and Richard Henderson/8-13-2019

“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.

Read the rest of the article at USA Gold
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