Gold Dropped As Robust Economic Data From The United States Boosted The Dollar

Gold trading range for the day is 31407-32403.

Gold dropped as robust economic data from the United States boosted the dollar, taking the sheen off the safe-haven metal.

The U.S. Federal Reserve minutes from its March meeting cemented dovish policy stance citing risks of global economic slowdown.

The European bond market also fell after the ECB maintained its dovish policy stance and flagged downside risks to the eurozone economy.

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