Monday, 22 October 2018

Gold Dropped As The U.S. Dollar Seen Supported Amid Expectations

Gold trading range for the day is 31753-32121.

Gold dropped as the U.S. dollar seen supported amid expectations of another interest rate increase this year.

Investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

A key festival brought little activity to the physical gold market in India in the week as purchases remained significantly lower than normal.

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