Gold trading range for the day is 31365-31781.
Gold prices inched lower as the dollar rebounded from multi-week lows amid simmering Sino-U.S. trade tensions and as bullion failed to surpass a strong technical resistance.
The greenback nudged up as investors waited on more catalysts after the European Union parliamentary elections showed a polarisation of the 28-member block.
A string of weak data from the US late last week stirred up concerns that its protracted trade war with China has started taking a toll on the country's economy.
Gold prices inched lower as the dollar rebounded from multi-week lows amid simmering Sino-U.S. trade tensions and as bullion failed to surpass a strong technical resistance.
The greenback nudged up as investors waited on more catalysts after the European Union parliamentary elections showed a polarisation of the 28-member block.
A string of weak data from the US late last week stirred up concerns that its protracted trade war with China has started taking a toll on the country's economy.
No comments:
Post a Comment