Gold Prices Slipped As Key China Data Assuaged Concerns About Global Economic

Gold trading range for the day is 34672-35074.

Gold prices slipped as key China data assuaged concerns about global economic slowdown and boosted appetite for riskier assets.

Denting the bullion's appeal, encouraging Chinese data suggested the economy may be starting to stabilise due to ramped-up stimulus from Beijing.

Hedge funds and money managers cut their bullish stance in COMEX gold in the week ended July 9, the U.S. CFTC said in a report.

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