EPIC RESEARCH MCX GOLD UPDATE OF 13 JUNE 2018

Gold trading range for the day is 31013-31279. Gold prices edged lower as the dollar strengthened following a positive U.S.-North Korea summit, with markets now waiting for a likely interest rate hike by the Fed. U.S. President Trump and North Korean leader Kim Jong Un signed a “comprehensive” deal at a historic summit aimed at the denuclearisation of the Korean peninsula. Easing geopolitical worries are bearish for gold as the metal is seen as a safe investment during times of political uncertainty.

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