Monday 26 November 2018

Gold Prices Remained Under Pressure As Investors Were Cautious

Gold trading range for the day is 30349-30621.

Gold prices remained under pressure as investors were cautious ahead of a G20 summit where leaders of the US and China are set to discuss their trade dispute.

The Federal Reserve is widely expected to raise U.S. interest rates for a fourth time this year at its December meeting.

The dollar was broadly lower after a rebound in global equities and the euro strengthened on hopes for a resolution of Italy’s budget dispute.

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