Wednesday 31 October 2018

Gold Prices Fell As The U.S. Dollar Firmed On Renewed

Gold trading range for the day is 31666-32024.

Gold prices fell as the U.S. dollar firmed on renewed fears of an intensification in the Sino-U.S. trade war and worries over slowing global economic growth.

U.S. President said he thinks there will be "a great deal" with China on trade, but warned that he has billions of dollars’ worth of new tariffs ready to go if a deal isn't possible.

U.S. consumer confidence rose to an 18-year high in October, driven largely by a robust labour market.

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