Gold trading range for the day is 31589-32549

Gold trading range for the day is 31589-32549.

Gold rose as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia.

On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time this year.

The minutes come in the wake of President Donald Trump’s criticism of the central bank’s recent rate hikes.

Speculators extended their net short position on Comex gold contracts by 29,881 contracts to 103,009 contracts in the week to Oct. 9, data showed.

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