Thursday, 7 February 2019

Gold Dropped On A Firmer Dollar As Investors Waited For Signs Of Resolution

Gold trading range for the day is 33202-33508.

Gold dropped on a firmer dollar as investors waited for signs of resolution in U.S.-China trade talks, while keeping an eye on the Fed’s monetary policy.

Fed’s Robert Kaplan said that the Fed should leave interest rates where they are until the U.S. economic outlook is clearer.

The U.S. central bank last week promised to be "patient" in rate moves due to impending slowdown and uncertain trade backdrop.

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Silver Trading Range For The Day Is 46112-46984

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