Wednesday, 21 November 2018

Gold Prices Edged Downward As Investors Flocked To The Dollar

Gold trading range for the day is 30622-31086.

Gold prices edged downward as investors flocked to the dollar and U.S. government bonds amid steep declines in global stock markets.

New York Fed President John Williams told that “We will be likely raising interest rates somewhat, but it is really in the context of a very strong economy.”

Richard Clarida, expressed caution over the global growth outlook on Friday and said "that's something that is going to be relevant" for the outlook for the U.S. economy.

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