EPIC RESEARCH MCX GOLD UPDATE OF 11 JUNE 2018

Gold trading range for the day is 30929-31477. Gold firmed as a rise in risk aversion ahead of G7 talks lent support, but the metal remained hemmed within a range. Expectations that the Federal Reserve will announce another U.S. interest rate hike also pressured gold. SPDR gold trust holdings dropped by 0.46% i.e. 3.83 tonnes to 828.76 tonnes from 832.59 tonnes.

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