Friday 8 February 2019

Gold trading range for the day is 32913-33413

Gold fell pressured by a stronger dollar, but worries over slowing global economic growth and the spectre of another U.S. government shutdown kept the safe-haven metal above the key $1,300 level. 
 
The U.S. Federal Reserve said it would be patient on further rate hikes, while the European Central Bank sounded less certain that it would start tightening policy later this year.

Trading Ideas:

* Gold trading range for the day is 32913-33413.

* Gold fell pressured by a stronger dollar, but worries over slowing global economic growth limited the downside.

* BOE looks set to trim its forecasts for Britain’s already sluggish growth, reflecting the approach of a still uncertain Brexit in just 50 days’ time.

* U.S. Fed said it would be patient on further rate hikes, while the European Central Bank sounded less certain that it would start tightening policy later this year.

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