USTR says some products will be removed from 10% tariff list
Some products are being removed from the China tariff list based on health, safety, national security and other factors. They also reported that some tariffs will be delayed to Dec 15 on some products including cell phones, shoes and laptops
negative for bullion
positive for equity
After this news heavy profit taking seen in billion and base metals and crude oil recovered.
Gold slips from the high of 38666 to the low of 37344 while silver slips from the high of 44584 to the low of 42127