Gold Prices Rose Supported By Expectations Of An Interest Rate Cut By The U.S.

Gold trading range for the day is 32634-33142.

Gold prices rose supported by expectations of an interest rate cut by the U.S. Federal Reserve following soft inflation data, which also weighed on the dollar.

U.S. President Donald Trump declined to set a deadline for levying tariffs on another $325 billions of Chinese goods and called the relationship with Beijing good.

Data from the Labor Department showed U.S. consumer prices barely rose in May, pointing to moderate inflation.

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