Gold Prices Rose As U.S. Data Showing Solid Home Sales But A Fall In Mortgage - Dollar Advisory | Best Commodity Tips Provider

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Thursday 21 December 2017

Gold Prices Rose As U.S. Data Showing Solid Home Sales But A Fall In Mortgage

Gold trading range for the day is 28399-28571.

Gold prices rose as U.S. data showing solid home sales but a fall in mortgage applications pushed the dollar to a two-week low.

However, gains were limited, however, by a rise in U.S. bond yields to nine-month highs after the Congress passed the country's biggest tax overhaul in decades.

U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years.

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