Gold Prices Edged Lower As Reports Suggesting That North Korea Fired

Gold trading range for the day is 29296-29538.

Gold prices edged lower as reports suggesting that North Korea fired a ballistic missile failed to raise safe haven demand.

North Korea sparked geopolitical tensions after South Korean news agency reported that the Kim Jong-un led nation fired a ballistic missile in the direction of the Sea of Japan.

Speculators cut their net long positions in COMEX gold by 3,944 contracts to 177,066 contracts in the week, CFTC data showed.

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