EPIC RESEARCH MCX GOLD UPDATE OF 17 JULY 2018

Gold trading range for the day is 29957-30287. Gold steadied as weak physical demand in top-consuming regions and the expectation of higher U.S. interest rates weigh. The Federal Reserve pointed to “solid” U.S. economic growth during the first half of the year in its semi-annual report to Congress. Meanwhile, investors are looking to June U.S. retail sales data, due later in the day, to assess the state of global growth.

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