Gold trading range for the day is 28983-29601.Gold prices reversed their losses and rose as the dollar swooned after a report that Chinese officials had recommended slowing or halting purchases of U.S. Treasury securities.The U.S. Federal Reserve should keep interest rates low so that wage gains accelerate and inflation rises, Fed’s Neel Kashkari said.Investors are betting on more U.S. interest rate hikes after last week's payrolls data did nothing to challenge the outlook for monetary policy tightening by Fed.
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