Gold Prices Were Down As Traders Wait For A Policy Decision - Dollar Advisory | Best Commodity Tips Provider

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Thursday 2 August 2018

Gold Prices Were Down As Traders Wait For A Policy Decision

Gold trading range for the day is 29499-29983.

Gold prices were down as traders wait for a policy decision from the Federal Reserve.

Fed kept interest rates unchanged as expected but characterized the economy as strong, keeping the central bank on track to increase borrowing costs in September.

Trade tensions resurfaced on Wednesday, after news reports said the White House plans to propose tariffs of 25% instead of 10% on $200 billions of imported Chinese goods.

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