Since the trade war is still on with no hopes of settlement any time soon, traders preserve their investment under the shield of safe heaven metal.
Gold is trading with green candle on the second day of the trade with tariff. The U.S. slapped 15% tariffs on Chinese goods including shoes and televisions on Sunday, and China imposed tariffs on U.S. crude oil and other goods in a retaliatory move. More tariffs on both?sides will take effect in December.??
Lack of conviction on trade talk and slowdown in global economy are also supporting Gold prices.
Gold range in COMEX for the day would be $1525 to $1543.
God MCX range can be Rs38696 to Rs39193. In domestic bourses, persistent weakness in the rupee is stoking further rally in the prices of yellow metal.
Story by Shelly Airan for tarunsatsangi.com