Gold Trading Range For The Day Is 39345-39901

Gold trading range for the day is 39345-39901.

Gold prices fell as Asian stocks touched 19-month highs ahead of the planned signing of an interim trade deal between Washington and Beijing.

Further easing concerns, Washington and Beijing have agreed to semi-annual talks aimed at pushing for reforms in both countries and resolving disputes.

Holdings of SPDR Gold Trust, fell 0.9% to 874.52 tonnes on Friday, their lowest since Sept. 16.

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Gold Prices Drifted Lower As Profit Taking And An Increase In Risk

Gold trading range for the day is 39071-41813.

Gold prices drifted lower as profit taking and an increase in risk appetite amid hopes the ongoing tensions in the Middle East may not escalate into a full-fledged military conflict

Data released by payroll processor ADP showed private sector employment jumped by more than anticipated in the month of December.

The Perth Mint's gold product sales in December rose 45% from the previous month and to their highest in more than three years.

India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high.

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Gold Trading Range For The Day Is 39275-40561

Gold trading range for the day is 39275-40561.

Gold rose as investors flocked to the safe-haven metal after a senior Iranian military official was killed in an air strike authorised by the United States.

Tensions flared in the Middle East after Iranian Major-General Qassem Soleimani, and top Iraqi militia commander Abu Mahdi al-Muhandis were killed in the air strike

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, on Thursday rose 0.2% to their highest since Nov. 29.

India's gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half.

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Gold Trading Range For The Day Is 38679-39295

Gold trading range for the day is 38679-39295.

Gold prices rose holding firm above the key $1,500 level, as investors braced for a robust equity rally to run out of steam.

Meanwhile, news that Russia could consider a part-investment of its National Wealth Fund in gold provided some further support to the yellow-metal

Gold prices flipped to a premium in India due to limited supplies even as demand remained subdued, while other Asian regions barely saw any holiday purchasing.

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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.

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Gold Prices Were Remained In Range With Investors Awaiting More Details

Gold trading range for the day is 37710-38096.

Gold prices were remained in range with investors awaiting more details on the U.S.-China trade deal.

Dallas Fed President Robert Kaplan reiterated that interest rates will be kept on hold unless there is a huge change in the U.S. economic outlook.

President Donald Trump's calls for the Federal Reserve weaken the greenback more, in order to increase exports and the boost the overall economic health.

Britain set a hard deadline of December 2020 to reach a new trade deal with the European Union, reviving fears of a chaotic exit from the bloc.

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Gold On MCX Settled Up 0.34% At 37699 With Market Activity Largely

Gold trading range for the day is 37434-37870.

Gold remained supported with market activity largely subdued ahead of the U.S. central bank's economic policy statement and a fast-approaching tariffs deadline.

After three consecutive interest rate cuts, the Federal Reserve announced its widely expected decision to leave rates unchanged.

U.S. consumers' inflation expectations rose slightly in November, bringing the outlook for near and medium-term inflation up from a five-year low.

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Gold Trading Range For The Day Is 37806-38376

Gold trading range for the day is 37806-38376.

Gold settled flat as conflicting signals from Washington and Beijing prolonged the uncertainty about a trade deal

Gains in bullion, however, were limited as stocks strengthened after Trump's positive comments on trade.

A further 15% U.S. tariff on about $156 billion worth of Chinese imports is set to take effect on Dec. 15.

Japan’s Prime Minister Shinzo Abe announced stimulus measures to support growth in an economy contending with an export slump and the fallout from a recent sales tax increase.

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Gold Gained After U.S. President Donald Trump Ratcheted Up Trade

Gold trading range for the day is 37614-38748.

Gold gained after U.S. President Donald Trump ratcheted up trade tensions with China, Brazil and Argentina, pushing investors to safe havens.

Trump said U.S. legislation backing protesters in Hong Kong did not make trade negotiations with China easier, but added he believes Beijing still wants a deal.

Speculators also cut their bullish positions in COMEX gold in the week to Nov. 26, data showed.

Holdings of the world's largest gold-backed ETF, SPDR Gold Trust, fell 0.7% to 889.16 tonnes, their lowest since Sept. 19.

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Gold Prices Ended Marginally Lower By 0.11 Percent

On Monday, spot gold prices ended marginally lower by 0.11 percent to close at $1462.3 per ounce. Robust factory data from China amid increasing demand for the U.S. Dollar weighed on the yellow metal prices.

The downfall in Gold prices was limited as U. S. factory activity contracted for a fourth straight month in November’19 after new orders dipped to their lowest level since 2012. 

Moreover, even the construction spend in U.S. dipped in October’19 which further raised concerns about weakness in the world’s biggest economy which in turn supported the yellow metal prices.

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Gold Trading Range For The Day Is 37462-37878

Gold trading range for the day is 37462-37878.

Gold gained as investors bought the safe-haven metal on doubts about whether the United States and China will seal a trade deal.

Economic growth picked up slightly in the third quarter, weekly jobless claims fell, while new orders for key U.S.-made capital goods increased.

The number of Americans filing claims for unemployment benefits dropped last week after standing at a five-month high for two straight weeks.

NAR said its pending home sales index, based on contracts signed last month, decreased 1.7% to a reading of 106.7.

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Gold Prices Eased After A Report That China Has Invited Top U.S. Negotiators

Gold trading range for the day is 37749-38295.

Gold prices eased after a report that China has invited top U.S. negotiators for a new round of face-to-face talks.

Beijing has also invited top U.S. trade negotiators for a new round of face-to-face talks.

The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week.

The Fed’ minutes said the decision to remove the "act as appropriate" language from the statement was seen as consistent.

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Gold Prices Rose After A Speech By U.S. President Donald Trump Dashed Hopes

Gold trading range for the day is 37642-38376.

Gold prices rose after a speech by U.S. President Donald Trump dashed hopes for a positive sign on a U.S.-China trade deal.

Prices also gained growing worries that trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

U.S. and Chinese negotiators were "close" to a "phase one" trade deal, Trump said in speech, but offered no new details on negotiations.

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Gold Prices Edged Higher As Uncertainty Around U.S.-China Trade Deal

Gold trading range for the day is 37286-38070.

Gold prices edged higher as uncertainty around U.S.-China trade deal dented investors' risk appetite.

An agreement between the United States and China to roll back existing tariffs as part of a 'phase one' trade deal faced fierce internal opposition.

US Initial claims for state unemployment benefits decreased 8,000 to a seasonally adjusted 211,000, the Labor Department said.

The Bank of England is growing increasingly concerned about Brexit uncertainty and the global slowdown.

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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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Gold Prices Were Steady As The Dollar Eased On Soft Manufacturing Survey

Gold trading range for the day is 38259-38617.

Gold prices were steady as the dollar eased on soft manufacturing survey, while signs of a U.S.-China trade deal stoked risk appetite, capping gains.

US and China said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy.

Markets took further optimism from economic data last week that eased apprehensions of a slowdown fuelled by the long-drawn trade war.

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Gold Prices Eased As Better Than Expected U.S. Jobs Numbers And Strong Factory Data

Gold trading range for the day is 38093-38655.

Gold prices eased as better-than-expected U.S. jobs numbers and strong factory data from China bolstered sentiment for riskier assets.

The Fed cut interest rates for a third time this year, but signalled there would be no further reductions unless the economy takes a turn for the worse.

Dallas Federal Reserve Bank President Robert Kaplan said the U.S. central bank now has monetary policy at a “roughly” appropriate setting.

Gold discounts in India widened as physical demand cooled because of high prices after a busy festival week while activity in other Asian hubs was largely steady.

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Gold Prices Gained As Investors Awaited A Decision By The U.S. Federal Reserve

Gold trading range for the day is 37802-38272.

Gold prices gained as investors awaited a decision by the U.S. Federal Reserve on a widely expected rate cut.

The Federal Reserve voted to cut interest by a quarter point.

The trade spat between the world's two largest economies has roiled financial markets around the globe, making them sensitive to the slightest development negotiations.

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Gold Prices Gained After Weak Economic Data From The United States

Gold trading range for the day is 37856-38620.

Gold prices gained after weak economic data from the United States increased expectations for another rate cut by the Federal Reserve.

New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, the data showed.

Also adding to the concerns over the health of the global economy, Euro zone business activity stagnated in October as demand withered, according to a downbeat survey.

The Fed has cut interest rates twice this year and investors currently see another reduction in borrowing costs when policymakers meet next week.

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Gold Dropped As Investors Looked To Pick Up Riskier Assets Amid Renewed

Gold trading range for the day is 37726-38172.

Gold dropped as investors looked to pick up riskier assets amid renewed optimism the U.S. and China will sign the first phase of trade deal by the middle of November.

In another sign the trade dispute is dragging on economic growth, data from China showed its third-quarter economic growth slowed to its weakest pace in almost three decades.

India's gold imports plunged 68% year-on-year in September to their lowest in over three years as record domestic prices curbed retail buying.

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