Monday, 1 October 2018

Gold Ended With Gains But Dropped On Weekly Basis As The Greenback Continued

Gold trading range for the day is 30409-30981.

Gold ended with gains but dropped on weekly basis as the greenback continued to rally from the Federal Reserve’s interest rate hike and strong economic data.

The Fed raised interest rates and said it planned four more increases by the end of 2019 and another in 2020.

U.S. economic growth accelerated in the second quarter at its fastest pace in nearly four years.

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