Gold Recovered On The Speculation That The Fallout May Derail - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 31 October 2017

Gold Recovered On The Speculation That The Fallout May Derail

Gold trading range for the day is 29160-29522.

Gold recovered on the speculation that the fallout may derail Trump's pro-growth economic agenda, generating some safe haven appetite for gold.

The metal is facing a slew of potential risks, including a Fed policy meeting, U.S. payrolls data and ongoing unrest in Spain's Catalonia region.

Fed funds futures are pricing in 99.7% chance of no rate change from the FOMC this week but see an 85.3% chance of a hike in December.

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