![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE_PEmrDAfXIU22nrpaihg9Lfgw2KsgRd0x1tfBDsBBzPC1541w0CqmswFQQ5A2NW9NjfueUrEf7rWekzUWb3qRDKKBjhEM-A49M7dGQr3DOH-6jEUWfbVRcpRc3udqCXazr67gqIdXaw/s320/MW-EZ870_gold_b_20161109130257_ZH.jpg)
Gold trading range for the day is 30846-31246.
* Gold dropped as the dollar inched up as traders awaited the U.S. inflation data due later this week.
* U.S. central bank last week indicated it planned to raise rates next month and remained on track for two more potential hikes by mid-2019 on the back of an upbeat economy.
* The US Dollar found renewed haven appeal against the risk-off backdrop, and its rise undermined the appeal of anti-fiat alternatives epitomized by the yellow metal.
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