Gold Prices Remained Supported As The U.S. Dollar Slumped To Three Year Lows - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 17 January 2018

Gold Prices Remained Supported As The U.S. Dollar Slumped To Three Year Lows

Gold trading range for the day is 29694-29914.

Gold prices remained supported as the U.S. dollar slumped to three-year lows against a basket of currencies.

The greenback has weakened as markets have grown more confident that a global recovery would outpace U.S. growth.

The ECB is unlikely to ditch a pledge to keep buying bonds at next week's meeting as rate setters need more time to assess the outlook for the economy and the euro.

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