Gold Held Steady As Investors Awaited The Start Of A Two-Day Monetary Policy

Gold trading range for the day is 32723-33409.

Gold held steady as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates.

U.S. Treasury yields fell weighed down by softer-than-expected U.S. economic data and persistent pressure from the trade conflict with China.

Geopolitical tensions heightened, with the Trump administration blaming Iran for an attack on two oil tankers at the mouth of the Persian Gulf.

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