Gold trading range for the day is 28299-28683. Gold dropped as the dollar firmed and the market reduced expectations of a surprise win by Frances far-right presidential candidate. The Fed said that downplayed weak first-quarter economic growth said inflation has been running close to its target. A report from ADP and Moodys Analytics showed U.S. companies created 177,000 new positions for the month, slightly above expectations of 175,000.
Silver trading range for the day is 38008-39518. Silver prices dropped as the dollar firmed on expectations of a U.S. interest rate increase in June. The U.S. Federal Reserve may raise interest rates as early as June boosted the dollar. The Fed kept interest rates unchanged and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market.
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