Monday, 6 May 2019

Gold Prices Gained Helped By A Pullback In The Dollar

Gold trading range for the day is 31152-31622.

Gold prices gained helped by a pullback in the dollar and as some investors covered their short positions.

Despite a strong U.S. jobs report, the dollar was down 0.3%, as traders focused on the weaker aspects in the report.

Gold demand was robust in India and Singapore in the week as a correction in prices ahead of a key gold-buying festival boosted purchases.

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