Friday, 23 March 2018

Gold Prices Rose Boosted By A Softer Dollar After A Less Hawkish Than Expected Federal

Gold trading range for the day is 30374-30674.

Gold prices rose boosted by a softer dollar after a less hawkish than expected Federal Reserve and growing concerns over trade tariffs.

The number of Americans filing for unemployment benefits rose just marginally last week, suggesting strong job growth in March that should underpin consumer spending.

Fed raised its key rate by 25 basis and flagged at least two more increases this year, but stopped short of pointing to the three increases.

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