Gold Dropped As A Firm Dollar And Improved Appetite For Riskier

Gold trading range for the day is 31612-32466.

Gold dropped as a firm dollar and improved appetite for riskier assets dented the appeal of bullion.

China lowered its GDP growth target for 2019 to 6% to 6.5% amid its unresolved trade spat with the U.S., which underpinned the U.S. dollar.

Investors awaited fresh directional cues from U.S.-China trade negotiations and a weaker stocks capped broader gains, while robust U.S. economic data supported the dollar.

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