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Gold posts lowest close so far this month as investors weigh trade deal, earnings season

“Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as earnings season starts on a positive note” writes Saefong William Watts for Higher yields on government debt can weigh on assets like gold that offer no yield.Some “analysts are expecting this earnings season to be the worse in recent times,” James Hatzigiannis, senior strategist at Long Leaf Trading Group, told MarketWatch. “With such low expectations from analysts and their estimate numbers, it will be easy for companies to beat expectations,” he said.December silver SIZ19, -1.81%  gave up 32.6 cents, or 1.8%, to finish at $17.384 an ounce. “Gold traded above the $1,490 an ounce, supported by softer sovereign yields.

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