Gold On MCX Settled Down -0.66% At 31391 On Higher Interest

Gold on MCX settled down -0.66% at 31391 on higher interest rates and dollar strength from the Sino-U.S. trade conflict.

U.S. President Donald Trump said that a possible trade deal between the United States and China was progressing well.

Gold has regained its safe-haven appeal because of turmoil in financial markets adding that political and economic considerations will support prices into the first quarter of 2019. 

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