Gold Hovers In Narrow Range As Dollar Rises On Upbeat US Data

Gold prices moved in a narrow range on Thursday after losses in the previous session, with robust US economic data and hawkish comments from Federal Reserve policymakers boosting the dollar. US gold futures were down 0.1 per cent at $1,202.1 an ounce. 
The dollar index against a basket of six major currencies was up 0.3 per cent, after climbing to a six-week peak of 96.116 overnight. US services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of the third quarter. The upbeat reports on wednesday likely keep the Federal Reserve on track to raise interest rates again in December. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961