Gold trading range for the day is 29688-29954. Gold edged lower amid stronger dollar and in response to an easing of trade tensions after the US agreed to refrain from imposing tariffs on cars from EU. New orders for key U.S made capital goods increased more than expected in June and shipments surged, pointing to solid growth in business spending on equipment. The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance.Subscribe now for best COMMODITY TIPS
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