Gold trading range for the day is 29730-30300. Gold prices rose, reversing earlier losses after a weaker dollar and falling stock markets spurred safe-haven buying of the precious metal.
Fed’s Kaplan said the U.S. economy is strong enough to justify an interest-rate hike in the "not too distant future," but increases will be very gradual.
SPDR gold trust holdings gained by 0.56% i.e. 4.76 tonnes to 855.89 tonnes from 851.13 tonnes.
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