Gold rally falters as trade tensions ease

From marketpulse.com

After a sharp rally last week, gold prices have reversed directions on Monday. In the North American session, the spot price for one ounce of gold is $1327.70, down 0.95% on the day. On the release front, there are no major events. JOLTS Jobs Orders slowed to 7.45 million, shy of the estimate of 7.50 million. On Tuesday, the U.S. posts Producer Price Index reports. Gold prices are sharply lower on Monday, as trade tensions have eased. Investors welcomed the news that the U.S. had suspended tariffs against Mexico, which were due to take effect today. High level talks between the sides on the illegal immigration have ... (full story)