Gold Prices Remained In Range As Hopes Of A Resolution To The Sino-U.S. Trade

Gold trading range for the day is 32911-33199.

Gold prices remained in range as hopes of a resolution to the Sino-U.S. trade spat and a dovish European Central Bank lifted riskier assets.

The Fed signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks

There are a lot of uncertainties in the market, including tensions in the Middle East and a dovish Fed narrative, which should give support to gold.

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