Monday, 17 September 2018

Gold Prices Seen Under Pressure Tempered By Expectations Of A U.S. Rate Hike

Gold trading range for the day is 30214-30748.

Gold prices seen under pressure tempered by expectations of a U.S. rate hike later this month.

The dollar index slipped to a 1-1/2-month low after weaker-than-expected U.S. inflation data and a recovery in emerging markets.

Physical gold buying waned in major Asian centres as bullion prices rebounded from recent lows, in India offering the metal at a discount for the first time in over a month.

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