Gold Rose As Investors Shun Riskier Assets On Worries Over Escalation

Gold trading range for the day is 32401-33189.

Gold rose as investors shun riskier assets on worries over escalation in Sino-U.S. trade tensions.

The U.S. Federal Reserve's two-day policy meeting begins later in the day, where the central bank is expected to leave interest rates unchanged.

The Fed raised interest rates four times last year, but some officials have said they will be patient in raising rates given the stalemate over global trade.

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