Gold trading range for the day is 31116-31934

Gold trading range for the day is 31116-31934.

Gold prices rose as the greenback pared back earlier gains after September’s jobs numbers came in lower than expected.

The U.S. economy created less jobs than expected in September, but unemployment reached a 48-year low, indicating the economy was at full-employment.

Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months in the week.

Gold-backed ETFs experienced outflows in North America European and Asian funds during September, as investors continued to show extreme short positioning.

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