Friday, 8 September 2017

Gold Ended Higher After The Dollar Tumbled On The Back Of Weak

Gold trading range for the day is 29922-30548.

Gold ended higher after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank.

Continuing tensions with North Korea over its nuclear tests provided further support for safe-haven gold.

CME raises COMEX 100 gold futures September maintenance margins by 5.9 percent to $4,500 per contract from $4,250.

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