Posted by aditi on 11:38:00 with No comments
Gold trading range for the day is 28746-28998. Gold gained as the dollar fell to near six-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump. The lack of a concrete policy from the Trump administration is worrying investors and more people will opt for gold as a safe-haven investment. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.5 percent to 834.40 tonnes after three sessions of outflows.
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