Gold Dropped Buoyed By A Firm Dollar And Rising U.S. Rate

Gold trading range for the day is 28966-29524. Gold dropped buoyed by a firm dollar and rising U.S. rate hike expectations in March following buoyant U.S. economic data. 

Fed Governor Lael Brainard said that an improving global economy and a solid U.S. recovery mean it will be "appropriate soon" for the Fed to raise rates 

Holdings of SPDR Gold Trust rose 0.21 percent to 845.32 tonnes on Thursday from Wednesday. 

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