Thursday, 14 September 2017

Gold Edged Down With Investors Turning Their Attention To U.S.

Gold trading range for the day is 29683-30159.

Gold edged down with investors turning their attention to U.S. consumer inflation data later in the day for clues on the timing of further interest rate hikes.

Pressure also seen as easing U.S.-North Korea tensions fueled demand for riskier assets lifting global stocks to record highs.

Demand for gold, seen as a safe investment in uncertain times, revived earlier after U.S. President Donald Trump pledged stronger measures against North Korea.

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