Gold Dropped As Investors Awaited A Batch Of Key U.S. Economic Data

Gold trading range for the day is 33110-33634.

Gold dropped as investors awaited a batch of key U.S. economic data and an appearance from Federal Reserve chairman Jerome Powell

President Trump’s announcement was the clearest sign yet that China and the United States are closing in on a deal to end a months-long trade war that has slowed global growth.

President Trump had planned to raise U.S. tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports if an agreement was not reached.

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