Gold Prices Gained As Focus Shifted To U.S Inflation Figures

Gold trading range for the day is 29618-29998.

Gold prices gained as focus shifted to U.S inflation figures which are expected to give more clues on monetary policy.

The Fed needs to mount a clear defence of its 2 percent inflation target and stop raising rates until the pace of price increases strengthens.

U.S. producer prices rose in September as the price of gasoline recorded its biggest gain in more than two years.

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