Wednesday, 29 May 2019

Gold Prices Inched Lower As The Dollar Rebounded From Multi-Week Lows Amid

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.

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