Gold futures finished lower Thursday, pulling back a day after scoring their highest finish in two weeks even as a benchmark dollar index extended its losses for the week to date. There were signals on Wednesday and early Thursday of “positive momentum regarding the U.S.-China trade dispute and possibility of a delay in the implementation of additional tariffs,” said Jeff Wright, executive vice president of GoldMining Inc. However, President Donald Trump has now “indicated via a tweet there has not been any real progress” with regard to the dispute, he said. The Wall Street Journal on Wednesday had reported that the U.S. is reaching out to China for a new round of trade discussions, ahead of the Trump administration’s plans to place more tariffs on Chinese imports. “China, as a major importer of gold, has seen a slackening of physical demand in conjunction with the trade tensions and as their own equity markets have been under pressure,” said Wright. So Trump’s tweet “has stunted the impact of the CPI data…as well as the positive PPI data from Wednesday.” On Thursday, December gold lost $2.70, or 0.2%, to settle at $1,208.20 an ounce after climbing to a roughly two-week intraday high of $1,218. The contract settled at $1,210.90 Wednesday—the highest since Aug. 29, according to FactSet data. (source: marketwatch)