![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE_PEmrDAfXIU22nrpaihg9Lfgw2KsgRd0x1tfBDsBBzPC1541w0CqmswFQQ5A2NW9NjfueUrEf7rWekzUWb3qRDKKBjhEM-A49M7dGQr3DOH-6jEUWfbVRcpRc3udqCXazr67gqIdXaw/s320/MW-EZ870_gold_b_20161109130257_ZH.jpg)
Gold trading range for the day is 31604-32146.
* Gold climbed as Fed ruled out chances of any interest rate hike this year, while a surprise cut in U.S. growth forecast added to concerns on global economic slowdown.
* Having downgraded the U.S. growth, unemployment and inflation forecasts, the Fed brought its three-year drive to tighten monetary policy to an abrupt end.
* The dollar fell sharply and U.S. Treasuries rallied after Fed’s decision on Wednesday, taking the benchmark 10-year yield to a 14-month low.
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