Gold trading range for the day is 30038-30344. Gold dropped as the dollar firmed after an expectation-beating inflation report reaffirmed expectations that Fed would hike interest rates two more times this year. The Labor Department said its producer price index for final demand increased 0.3% last month, compared to the expected 0.2%. Trade concerns also remained in focus as the latest development pushed the Chinese equity markets into their worst selloff since three years ago.
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