Gold trading range for the day is 30416-30702.
Gold prices edged up buoyed by a weaker U.S. dollar as investors waited for possible clues on the pace of U.S. monetary tightening.
The focus is on Fed Chairman Jerome Powell’s first congressional testimony on monetary policy and the economy, due later this week.
Hedge funds and money managers raised their net long positions in COMEX gold contracts in the week to Feb. 20, U.S. CFTC data showed.
Gold prices edged up buoyed by a weaker U.S. dollar as investors waited for possible clues on the pace of U.S. monetary tightening.
The focus is on Fed Chairman Jerome Powell’s first congressional testimony on monetary policy and the economy, due later this week.
Hedge funds and money managers raised their net long positions in COMEX gold contracts in the week to Feb. 20, U.S. CFTC data showed.
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