Gold trading range for the day is 28395-28905. Gold prices edged lower as investors locked in profits from the precious metals recent climb amid ongoing concerns over political turmoil in Washington. Prices ended with gains on a weekly basis as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal. Gold demand in Asia was mostly subdued this week as buyers stayed on the sidelines due to a rebound in bullion prices.
Silver trading range for the day is 38631-39465. Silver prices as edged up the dollar softened and stocks eased amid the ongoing political crisis in the United States that weakened risk appetite. New applications for U.S. jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls tumbled to a 28-12-year low. Cleveland Federal Reserve Bank President Loretta Mester repeated her call for further U.S.-interest rate hikes now that the economy has reached full employment.
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