Gold Edged Lower Pressured By A Firmer Dollar - Dollar Advisory | Best Commodity Tips Provider

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Friday 7 April 2017

Gold Edged Lower Pressured By A Firmer Dollar

Gold trading range for the day is 28542-29040.

Gold edged lower pressured by a firmer dollar on the back of upbeat U.S. unemployment data and as some investors sold to redeem profits.

Investors digested minutes from Fed’s policy meeting released which showed that the central bank would start to unwind its $4.5 trillion balance sheet later this year.

Investors were also cautious ahead of the meeting between U.S. President Donald Trump and Chinese President Xi Jinping due later on Thursday.

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