Tuesday 4 September 2018

Gold Looks To Remain Under Pressure On Worries Over An Escalation In Trade

Gold trading range for the day is 29971-30525.

Gold looks to remain under pressure on worries over an escalation in trade conflicts between the United States and other countries.

Prices have fallen this year amid rising U.S. interest rates, international trade disputes and the Turkish currency crisis, with investors preferring the dollar as a safe-haven.

Hedge funds and money managers cut their net short positions in COMEX gold contracts for the first time in more than a month, CFTC data.


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