Gold trading range for the day is 30041-30521

Gold trading range for the day is 30041-30521.

Gold edged lower as the dollar firmed ahead of an expected meeting between U.S. President Donald Trump and China’s President Xi Jinping at the G20 summit.

Comments by the Federal Reserve chief were seen as a signal that a rising trend in interest rates may end, and this also supported the greenback.

Fed funds futures are pricing in a 78.6% probability of a hike in December followed by a 39.8% chance of a subsequent one in March 2019

Physical gold demand in the world’s second biggest bullion consumer India got a fillip from a slide in local rates due to gains in the rupee

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