Gold Trading Range For The Day Is 28537-28795

Gold trading range for the day is 28537-28795. Gold pushed higher on short covering after seen pressure as recent selling pressure tied to bets on another U.S. interest rate hike this year faded. The move higher in gold prices comes in the wake of a recent shift in sentiment towards safe havens, after oil prices fell to multi-month lows this week. First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to Labor Department. Investors continued to evaluate the possibility of another rate hike from Fed later this year in the wake of mixed messages from policymakers in recent days.

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