Gold Fell As A Stronger Greenback Was Overwhelmed By Safe Haven Buying

Gold trading range for the day is 30732-31178.

Gold fell as a stronger greenback was overwhelmed by safe-haven buying, spurred by fears of a trade war between the world’s two top economies.

U.S. President Donald Trump said that he has ordered the U.S. Trade Representative to identify $200 billion worth of China goods for additional tariffs.

Trump said in a statement that the move would be in retaliation for China’s earlier decision to raise tariffs on $50 billion in U.S. goods.

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