Gold trading range for the day is 29950-30448.

Gold trading range for the day is 29950-30448.

Gold dropped as the dollar steadied and investors grew jittery about an escalation in the U.S.-China trade dispute after fresh threats by U.S. President Donald Trump.

US President Trump is prepared to ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports.

Physical gold demand in India was moderate in the week amid an improvement in retail purchases before the festival season despite an increase in domestic prices.

The holdings of SPDR Gold Trust, the world’s largest gold-backed ETF at 24.36 million ounces, are down 13 percent since late April.

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