Gold Prices Climbed Driven By Strong Safe Haven Sentiment As Hopes Of A Quick End

Gold trading range for the day is 34000-34622.

Gold prices climbed driven by strong safe haven sentiment as hopes of a quick end to the U.S.-China trade row faded.

The dollar struggled as the fading hopes for any near-term Sino-U.S. trade deal revived safe-haven demand and drove U.S. bond yields to their lowest levels since late 2016.

Extended weakness in global manufacturing data and U.S. trade protectionism looked poised to support bullion's appeal as investors avoided riskier assets.

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