Gold Traded In Range On Higher Interest Rates

Gold traded in range 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.

China's net gold imports via main conduit Hong Kong rose 28 percent in November from the previous month to their highest since July, data showed.

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