Gold Prices Rose As The U.S. Dollar Fell Against The Euro

Gold trading range for the day is 29356-29676.

Gold prices rose as the U.S. dollar fell against the euro on an agreement for a political coalition in Germany.

The U.S. dollar saw some pressure from falling producer prices in US in December, as underlying U.S. consumer prices recorded their largest increase in 11 months.

In top consumer China, the range for premiums broadened to about $5-$8 an ounce from $6-$7 last week.

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