Gold Gained As The U.S. Dollar Pulled Back From A Two Year Peak

Gold trading range for the day is 31042-32048.

Gold gained as the U.S. dollar pulled back from a two-year peak, and global equities and U.S. Treasury yields slid on escalating U.S.-China trade tensions.

Fed’s meeting showed that officials agreed their current patient approach to setting monetary policy could remain in place "for some time."

The US is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said.

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