Gold trading range for the day is 28925-29575. Gold rose as disappointing U.S. housing data dented the dollar and supported the Federal Reserve's cautious stance on interest rates.
New York Fed President William Dudley warned that the U.S. central bank is likely to stick to a cautious approach on tightening monetary policy.
SPDR gold trust holdings dropped by 0.91% i.e. 7.43 tonnes to 805.03 tonnes from 812.46 tonnes.
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