Metals Reverse on Trade Deal Reports

From orbex.com

The yellow metal was initially higher over the week on continuing market jitters ahead of a potential US-China trade deal. This combined with a weakened US dollar to help lift price. Into the middle of the week, traders still had not been given great visibility over whether a trade deal was coming. The US administration warned China that, in case of a no-deal by December 15th, a new round of 15% tariffs would go live on $156 billion of Chinese products. Over recent weeks, talks have seemingly stalled. And, despite reassurances from both sides, the market has been nervous over the prospect of fresh tariffs. In light ... (full story)