Gold dives over 1% lower on Thursday ahead of US trading session after Trump contradicts himself on earlier tariff comments
US President Trump made contradictive tariff comments during his first cabinet meeting. Bullion faces pressure from firm selling, profit-taking, squeezing out recent buyers in Gold. Although US yields drop off further, the precious metal has lost support for now. Gold’s price (XAU/USD) ekes out more losses and faces already more than 1% loss ahead of the American trading session on Thursday.