Gold Intraday Trading Zone 31950—32333

Gold Forecast

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.

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Gold Demand Supported as Central Banks Sour on Dollar Denominated Debt

Sanctioned Russian’s Family Sells $6 Billion Stake in Gold Miner

Foreign governments have begun reallocating at least part of their holdings to gold an old market stalwart that once underpinned the global monetary system, but fell out of favor when governments embraced deficit spending and paper money untethered from bullion.

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