Gold Dropped As Financial Markets Awaited U.S. President Trump's Speech

Gold trading range for the day is 29422-29722. Gold dropped as financial markets awaited U.S. President Trump's speech to Congress regarding his policies on tax reforms and government spending. 

New orders for key U.S.-made capital goods unexpectedly fell in January after three straight months of strong gains.

China's monthly net gold imports via main conduit Hong Kong plunged 38.3 percent in January, data showed. 

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