Gold trading range for the day is 30802-31230. Gold rebounded as dollar dropped, shrugging off earlier pressure by Fed’s comments fuelling speculation that U.S. interest rates would rise sooner rather than later. The case for raising U.S. interest rates has strengthened in recent months due to improvements in the labour market, Fed’s Yellen said. Fed's Stanley Fisher provided a more straightforward message as he acknowledged the strong labor market and inflation were moving towards Fed's target.For more Accurate
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