Gold Remained In Range Amid Expectations Of A Slower Pace Of U.S. - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 21 March 2017

Gold Remained In Range Amid Expectations Of A Slower Pace Of U.S.

Gold trading range for the day is 28422-28640. Gold remained in range amid expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh on the dollar. 

The Fed will likely wait at least until a June policy meeting to decide whether to lift U.S. interest rates again.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.46 percent to 830.25 tonnes on Monday from 834.10 tonnes on Friday. 

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Gold trading range for the day is 28422-28640. *Gold remained in range amid expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh on the dollar. *The Fed will likely wait at least until a June policy meeting to decide whether to lift U.S. interest rates again. *Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.46 percent to 830.25 tonnes on Monday from 834.10 tonnes on Friday. - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3159-3269---Kedia-Commodity#sthash.p6BEElOK.dpuf

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