Tuesday 30 July 2019

Gold Trading Range For The Day Is 34576-34896

Gold trading range for the day is 34576-34896.

Gold prices were stable ahead of a U.S. Federal Reserve meeting later in the week where markets will watch for indications of monetary easing.

The Fed is expected to trim the key interest rate by at least 25 basis points (bps) at its July 30-31 meeting.

Hedge funds and money managers reduced their bullish stance in COMEX gold in the week to July 23, the U.S. CFTC said.

China's net gold imports via Hong Kong in June tumbled about 35% from the previous month to the lowest in nine months in part.

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Silver Trading Range For The Day Is 46112-46984

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