EPIC RESEARCH MCX GOLD UPDATE OF 29 JUNE 2018

Gold trading range for the day is 30343-30771. Gold prices dropped as the greenback held near one-year highs amid mounting U.S.-China trade friction. Gold prices have hardly benefited from ongoing global trade tensions, while expectations that the U.S. Federal Reserve will hike interest rates pulled down the bullion. Fed’s Rosengren said the central bank should continue to gradually raise interest rates to lower the risk of a major policy error.

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