Gold Prices Remained Under Pressure As Gains Were Capped By A Rise - Dollar Advisory | Best Commodity Tips Provider

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Monday 18 December 2017

Gold Prices Remained Under Pressure As Gains Were Capped By A Rise

Gold trading range for the day is 28092-28480.

Gold prices remained under pressure as gains were capped by a rise in the dollar amid growing investor optimism on tax reform.

The Federal Reserve Board voted to raise the discount rate to 2.00 percent supported by 9 regional members.

Gold demand in most Asian centres firmed, spurred on by a dip in prices although buyers in India held off buying in the hope of further falls.

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