Friday, 19 October 2018

Gold trading range for the day is 31727-32269

Gold trading range for the day is 31727-32269.

Gold rose as renewed weakness in global stock markets spurred investors to seek refuge in bullion, which has also been helped by an improved technical outlook.

Fed policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting showed.

Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health.

The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019 and another in 2020.

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