EPIC RESEARCH MCX GOLD UPDATE OF 8 JUNE 2018

Gold trading range for the day is 30844-31390. Gold prices gained amid weaker dollar as the market waited for clues on the pace of U.S. interest rate increases from a meeting of the Federal Reserve next week. Tensions over Korea have supported gold prices, increasing demand for an asset viewed as a safe place to invest in times of geopolitical uncertainty. Markets are meanwhile betting that the ECB will signal a winding down of its vast bond-buying programme, boosting the euro.

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