16th August 2017

 Gold lost substantial ground on Tuesday, down nearly $15/ounce at one point before it pared its losses slightly by the close. The retreat was triggered by the somewhat unexpected news coming out of Pyongyang late on Monday that Kim Jong-un has decided to hold off from taking any action for the moment against US interests. The North Korean leader said he would assess just how aggressive upcoming US actions will be, likely referring to US-South Korean military drills that are scheduled to take place over the next few weeks.