Gold Prices Settled Flat As The Dollar Mostly Stayed Above The Flat Line Ahead

Gold trading range for the day is 35218-35624.

Gold prices settled flat as the dollar mostly stayed above the flat line ahead of the Federal Reserve's monetary policy statement.

The Federal Reserve's Federal Open Market Committee voted to lower interest rates by 25 basis points, as widely expected.

Cementing expectations of Fed rate cuts, U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation.

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