Gold prices traded in range as the dollar eased on weak U.S. economic data. The US dollar declined as recent strong economic data eased concerns about the global economy, prompting investors to reduce safe-haven positions in the greenback.
gold futures today
China Is on a Big Gold-Buying Friskines
Gold Silver Reports – Gold long term central bank buying is expected to boost prices amid continued demand, with Goldman Sachs predicting gold prices will rally from $1,300 to $1,450 an ounce over the next 12 months.
MCX Gold Rock Hard Support 31870
MCX Gold Rock Hard Support 31870, Any Big Panic Buy Target 32480
Will XAUUSD Hold on to the Support $1285 – $1282
The precious metal has been consolidating above the support area of $1285 – $1282 for the past five daily sessions.
Gold Prices had Earlier Breached its 100-Day Moving Average
Gold Silver Reports (GSR) – Gold prices slipped today, but was trading above the 10-week low touched in the previous session, as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data. Investors are now awaiting the US jobs numbers for more signals on the strength of the economy.