Gold trading range for the day is 29053-29219. Gold traded in range after prices rose driven higher mainly by a wilting U.S. dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes. Gold as a safe-haven asset has been supported as the United States, China and other world powers have worked to contain North Korea’s nuclear ambitions. Dollar hit its strongest in 14 years at the start of 2017 on hopes that newly elected U.S. President Donald Trump would implement pro-growth, pro-inflation measures.
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