Mining News - Overnight President Trump started talking tariffs and trade wars again, sending equities reeling down over 400 points at one point. Gold barely budged on the news and traded in a $10 range overnight, sitting now at $1,330.

The metal’s lack of reaction to the market fears is concerning, especially with a flat to lower dollar. The metals should have moved higher on the news, which is a reason for concern. In the meantime, gold and silver remain in their consolidation ranges but the new support level may not hold.