Gold Gained As Investors Sought Insurance Against Possible Inflation

Gold trading range for the day is 29777-30527.

Gold gained as investors sought insurance against possible inflation after U.S. Treasury Secretary Steven Mnuchin welcomed a weaker dollar.

Mnuchin told the World Economic Forum in Davos that "obviously a weaker dollar is good for us as it relates to trade and opportunities".

Congress approved a measure to fund the government for around three weeks and President Donald Trump signed the bill, ending the three-day government shutdown.

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