Monday 31 December 2018

Gold Dropped On Profit Booking After Prices Seen Supported

Gold trading range for the day is 31490-31788.

Gold dropped on profit booking after prices seen supported by a weaker dollar, worries over global economic growth and stock market tumult.

Prices remain positive as the ongoing US government shutdown drags on risk appetite.

Physical gold demand lacked vigour in most Asian hubs in the week as limited safe haven interest failed to lift activity into the year end.

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