Gold Prices Gains As Prospects For Easier Monetary Policy From The Federal Reserve

Gold trading range for the day is 34169-34611.

Gold prices gains as prospects for easier monetary policy from the Federal Reserve and other central banks boosted inflows into the precious metal.

Gold has been gaining since the Fed indicated at its meeting last week that it could cut interest rates, possibly as soon as next month.

Hedge funds and money managers boosted their bullish stance in COMEX gold in the week to June 18, the U.S. CFTC said.

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