Thursday, 7 November 2019

Gold Gained As The Dollar Weakened A Bit And Equities Stayed

Gold trading range for the day is 37766-38526.

Gold gained as the dollar weakened a bit and equities stayed largely subdued.

Support seen after Goldman Sachs Group raised concerns of a US recession as the trade war with China intensifies, boosting the impact on economic growth.

Optimism that Washington and Beijing are working to narrow their differences enough to sign a "phase one" trade deal as early as this month.

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