Gold Dropped After The United States And China Agreed An Initial Trade Deal

Gold trading range for the day is 37852-38190.

Gold dropped after the United States and China agreed an initial trade deal, while the U.S. dollar was holding close to a one-week peak.

U.S. Treasury Secretary Steven Mnuchin said the two countries would sign their so-called phase one trade pact at the beginning of January.

Data showed the initial U.S. jobless claims report was strong with applications for unemployment benefits slipping from a more than two-year high.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com