Monday, 11 September 2017

Gold Ended The Week With Gains As The U.S. Dollar Dropped

Gold trading range for the day is 30053-30581.

Gold ended the week with gains as the U.S. dollar dropped and weak economic data lowered expectations of a December interest rate rise in the United States.

European Central Bank President Mario Draghi suggested that the ECB might begin tapering its massive stimulus program this fall.

Demand for gold as a safe haven investment was strong as South Korea braced for a possible further missile test by North Korea when it marks its founding anniversary.

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