EPIC RESEARCH MCX GOLD UPDATE OF 18 JULY 2018

Gold trading range for the day is 29453-30225. Gold declined as the U.S. dollar strengthened during testimony by U.S. Federal Reserve Chairman Jerome Powell to the U.S. Congress. The Fed's Powell said he sees the United States on course for years more of steady growth. Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects.

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