Gold Price Could Remain Volatile in Range Between $1,742тАФ$1,806

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Gold price snapped its three-day recovery momentum and returned to the red on Wednesday, hurt by the US Federal ReserveтАЩs (Fed) hawkish surprise and the renewed optimism over China Evergrande repayment story. In the early part of the day, gold remained in a consolidative mode in familiar ranges around $1778, in a typical pre-Fed caution trading.

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