Gold trading range for the day is 28414-29432. Gold dropped weighed down by a strong dollar, though bullion could receive support from European political risks in the coming months. Trump's presidential victory has spurred safe-haven buying of physical gold in Europe, traditional bullion holders in US are standing pat. SPDR gold trust holdings dropped by 1.47% i.e. 13.34 tonnes to 891.57 tonnes from 904.91 tonnes.
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