Gold Prices Hover in $35 Range

IB Times reported that gold traded inside a very small range as investments were split between the metal and the dollar.

The market news is quoted as saying:

“What you’re basically getting is a scene where consumers are losing momentum, they’re losing momentum on income and as a result of that they’re slowing down on spending,” Steven Ricchiuto, U.S. chief economist at Mizuho Securities in New York, told Reuters.

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