Gold trading range for the day is 31705-32329

Gold trading range for the day is 31705-32329.

Gold prices rose as nervous investors retreated from stock markets and piled into the precious metal seen as a refuge from financial turmoil.

The release of U.S. growth data, showed the economy slowed less than expected in the third quarter, had little lasting impact.

Gold demand in India in the week was muted as a recent rally in domestic prices prompted buyers to postpone purchases despite the approaching festival and wedding season.

Holdings in the SPDR Gold Trust, saw outflows of about 4.5 million ounces between late April and early October.

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