Gold Prices Remained Lower As The Greenback Regained Some Ground

Gold trading range for the day is 29794-30350.

Gold prices remained lower as the greenback regained some ground while traders continued to digest the recent rout in equities.

The recent selloff on the stock markets is a “healthy” correction from high valuations, Dallas Fed President Robert S Kaplan said.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.4 percent to 829.27 tonnes.

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