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* Gold trading range for the day is 37319-38067.
* Gold gained as investors remained cautious about the developments in the United States and China trade negotiations
* China will likely hit $50 billion in purchases of U.S. agricultural products, U.S. President Donald Trump said on after earlier announcing that he would roll back scheduled tariffs on Chinese imports
* Initial claims for state unemployment benefits surged 49,000 to a seasonally adjusted 252,000 for the week ended Dec. 7
* Dealers in India offered a discount of up to $2 an ounce on official domestic prices, compared to a premium of $1 last week.
* BUY GOLD FEB 2020 @ 37500 SL 34380 TGT 37650-37750.MCX
* Silver trading range for the day is 43635-44615.
* Silver gained as the dollar shed ground digesting news about the U.S. and China agreeing on a trade deal and the Conservative Party's emphatic victory in the U.K. general election.
* There are reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China.
* U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services
* The U.S. central bank indicated that borrowing costs were likely to remain unchanged at least through next year
* BUY SILVER MAR 2020 @ 43700 SL 43350 TGT 44150-44400.MCX
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