Gold Traded In Range As Expectations Of A U.S. Rate Hike This Month Offset Support - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 5 June 2018

Gold Traded In Range As Expectations Of A U.S. Rate Hike This Month Offset Support

Gold traded in range as expectations of a U.S. rate hike this month offset support from trade war worries.

Gold prices traded in narrow range as traders weighed the prospect of further rate hikes against the return of safe-haven demand as U.S.-China trade talks over the weekend yielded limited progress, raising the prospect of a trade war between the world's largest two economies.

Also holding back the precious metal were expectations the Federal Reserve would hike rates for the second time this year, reducing demand for the yellow metal.

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