Wednesday, 9 May 2018

Gold Slipped As The Dollar Regained Ground After Briefly Dipping Earlier

Gold trading range for the day is 31006-31354.

Gold slipped as the dollar regained ground after briefly dipping earlier following U.S. President Donald Trump's decision to pull out of the Iran nuclear deal.

President Trump pulled the United States out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies.

Fed statement acknowledged a recent pick-up in inflation, leaving it on track to deliver its second rate increase of the year when it meets in June.

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