EPIC RESEARCH MCX GOLD UPDATE OF 17 APRIL 2018

Gold trading range for the day is 31069-31469. Gold remained supported as markets assessed the possible consequences of a U.S.-led missile strike against Syria over the weekend. Rising geopolitical tensions have pulled focus away from fears over a U.S.-China trade spat, which had gripped global financial markets in recent weeks. Speculators raised their net long positions in COMEX gold contracts by 363 contracts to 138,212 contracts, U.S. CFTC data showed.

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