Chinese Officials: Gold and Beijing Delegates

chinese officials: However, reports over the weekend indicate that Beijing delegates may be aiming to offer a narrower trade resolution than the Trump administration is hoping, according to Market Watch. It is uncertain what will come out of these talks, said James Hatzigiannis, senior strategist at Long Leaf Trading Group. U.S. and Chinese officials, including Vice Premier Liu He, are expected to resume trade discussions on Oct. 10-11. We are in a wait-and see approach for these talks. Against that backdrop, December gold GCZ19, 0.59% on Comex fell 8.50, or 0.6%, to settle at 1,504.40 an ounce. If they come up with a partial deal or anything positive, you will see gold drop and that has caused gold to stay at the 1,500 level, which gold is very familiar and comfortable with, he said. (news.financializer.com). As reported in the news.