Wednesday, 12 September 2018

Gold Prices Held Steady As Investors Remained On The Sidelines Amid Expectations

Gold trading range for the day is 30460-30866.

Gold prices held steady as investors remained on the sidelines amid expectations of a U.S. interest rate hike this month. 

Strong U.S. payrolls data cemented expectations that the U.S. Federal Reserve will raise interest rates in September, in what would be its third hike this year.

Traders were bracing for a potential escalation in the Sino-U.S. row after President Donald Trump raised the stakes by saying he was ready to impose tariffs.

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