Wednesday 28 November 2018

Gold Fell As The Dollar Rallied After Comments From Fed’s Vice Chair Clarida

Gold trading range for the day is 30201-30731.

Gold fell as the dollar rallied after comments from Fed’s Vice Chair Clarida bolstered expectations that the central bank would continue raising interest rates.

U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.

China’s net gold imports in October via main conduit Hong Kong more than doubled from a more than seven-year low touched the previous month.

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