Gold Rose Helped By A Weaker Dollar On Expectations

Gold trading range for the day is 31308-31928.

Gold rose helped by a weaker dollar on expectations that the U.S. Federal Reserve might apply brakes on its monetary tightening cycle in 2019.

U.S. Fed chairman Powell said that he was aware of the risks related to an economic slowdown and would be patient and flexible in policy decisions this year.

China gold reserves rose to 59.560 million fine troy ounces at end-December, the first increase since October 2016, central bank data showed.
 

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