Gold's decline may be more of a ‘breather than a breakdown’ after inflation data, trump’s tough talk on china


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Gold prices traded lower Friday, on track to post declines for the week as well as the month, with that weakness feeling "more like a breather than a breakdown," said Adam Koos,


president at Libertas Wealth Management. "On one side, you’ve got inflation data that’s cooling a bit, taking pressure off rate hikes and giving gold a little lift," he said. On


the other side, however, there's President Donald Trump’s tough talk on China "hinting at more global tension, which should boost gold as a safe haven, but investors haven’t fully


priced that in yet." After a strong run, gold hit some resistance as Treasury yields firmed and the U.S. dollar bounced, but "unless inflation suddenly falls off a cliff, or


geopolitics calm down ... I’d expect gold to find support around these levels, especially if uncertainty keeps creeping higher," said Koos.