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Tuesday, 22 May 2018

EPIC RESEARCH MCX GOLD UPDATE OF 22 MAY 2018

Gold trading range for the day is 30835-31265. Gold prices rose from lows on dollar weakness but remained under pressure amid easing trade war fears and signs of waning demand for the yellow metal. US Fed's Mester: May need monetary policy to ensure financial stability, US economy near both of Fed's goals. Hedge funds and money managers cut their net long position in COMEX gold contracts in the week to May 15, U.S. CFTC data showed

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