Gold Trading Range For The Day Is 30374-30674

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Gold on MCX settled up 0.14% at 30493 boosted by a softer dollar after a less hawkish than expected Federal Reserve and growing concerns over trade tariffs. The Federal Open Market Committee voted at the March 20-21 meeting to increase overnight interest rates by 25 basis points to between 1.50% and 1.75%, matching analysts' expectations.

 

Trading Ideas: 

 

* Gold trading range for the day is 30374-30674.

 

* Gold prices rose boosted by a softer dollar after a less hawkish than expected Federal Reserve and growing concerns over trade tariffs.

 

* The number of Americans filing for unemployment benefits rose just marginally last week, suggesting strong job growth in March that should underpin consumer spending.

 

* Fed raised its key rate by 25 basis and flagged at least two more increases this year, but stopped short of pointing to the three increases.

 

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