Gold trading range for the day is 29478-30378. Gold dropped as the strengthening dollar and a sharper appetite for assets seen as higher risk sparked selling across commodities.
New York Federal Reserve President William Dudley said two U.S. rate hikes this year were still a "reasonable expectation."
Hedge funds and money managers raised their net long positions in COMEX gold contracts in the week to May 3, U.S. CFTC data showed.
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