Gold trading range for the day is 29971-30525.
* Gold looks to remain under pressure on worries over an escalation in trade conflicts between the United States and other countries.
* Prices have fallen this year amid rising U.S. interest rates, international trade disputes and the Turkish currency crisis, with investors preferring the dollar as a safe-haven.
* Hedge funds and money managers cut their net short positions in COMEX gold contracts for the first time in more than a month, CFTC data.
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