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* Gold trading range for the day is 37436-37768.
* Gold traded in a tight range ahead of a two-day rate-setting meeting by the U.S. central bank
* Investors awaiting clarity on whether a next round of U.S. tariffs on Chinese goods will come into effect this weekend.
* The impact of a prolonged trade war on economic growth has led the U.S. Federal Reserve to cut rates three times this year
* China's gold reserves stood at 62.64 million ounces at the end of November, central bank data showed.
* BUY GOLD FEB 2020 @ 37500 SL 37380 TGT 38680-37800.MCX
* Silver trading range for the day is 43249-43829.
* Silver steadied as dollar seen supported boosted by the stronger-than-expected US jobs data
* Although worries about US-China trade talks kept gains in check, with less than a week to go before Washington is set to impose a new wave tariffs on Chinese goods.
* The phase one trade deal has been held back as both the U.S. and China have been unwilling to give into each others' demands.
* Investors also looked ahead to US Federal Reserve and European Central Bank policy meetings later this week.
* BUY SILVER MAR 2020 @ 43300 SL 43000 TGT 43650-43850.MCX
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