Gold trading range for the day is 30065-30795.
* Gold dropped as the dollar gains after data underlined the strength of the U.S. economy and Italian political turmoil weakened the euro.
* The U.S. economy does not face a large chance of a recession in the next two years and the Fed plans to keep gradually raising interest rates, Fed Chairman Jerome Powell said.
* U.S. economic growth accelerated in the second quarter at its fastest pace in nearly four years as previously estimated.
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