Posted by aditi on 11:18:00 with No comments
Gold trading range for the day is 28614-28914. Gold pared some of its gains as data showing the biggest pick-up in U.S. consumer prices in 2-1/2 years lifted the dollar and U.S. Treasury yields. Federal Reserve Chair Janet Yellen advocated lifting U.S. interest rates gradually. The U.S. central bank should be able to raise rates "in a gradual and patient manner," Dallas Fed President Robert Kaplan said.
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