Gold Held Steady As Bets On A Pause In U.S. Interest Rate Hikes

Gold trading range for the day is 31494-31884.

Gold held steady as bets on a pause in U.S. interest rate hikes and hopes of a Sino-U.S. trade deal put pressure on the dollar.

Investors grew increasingly convinced that the Federal Reserve will not raise interest rates this year amid uncertainties over the U.S. economy.

India raised its gold holdings by 6.54 tonnes to 598.59 tonnes in 2018 November, according to International Monetary Fund data.

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