Gold traders slam gear shifter from overdrive into reverse, following Trump tweet

New York (Dec 12)  Gold prices earlier Thursday saw solid gains following some downbeat U.S. economic data and dovish remarks from new ECB President Christine Lagarde. However, selling pressure in gold developed as U.S. President trump has just tweeted that the U.S. and China both want a trade deal, suggesting such may be very close at hand ahead of the Sunday, Dec. 15, U.S. trade tariff deadline for more sanctions on China. December gold was last down $3.60 at $1,471.40.

HOWEVER, by 11:35am EST spot gold had fallen more than $8 to $1,467, while spot silver slid 42 cents to $16.83. Nonetheless, spot pladium was up nearly $17 to $1,933.  

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