Gold trading range for the day is 30049-30417

Gold trading range for the day is 30049-30417.

Gold dropped as firmness in Rupee weighed as the dollar fell after Fed Jerome Powell offered little clues on the pace of future interest rate hikes in a cautious speech.

There was “a great deal to like” about U.S. prospects, the bank’s gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track, Powell said.

US Trade Representative Robert Lighthizer: China policies on auto tariffs 'egregious', will examine tools to equalize tariffs on autos

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