EPIC RESEARCH MCX GOLD UPDATE OF 2 JULY 2018

Gold trading range for the day is 30282-30580. Gold prices recovered some of its losses from lows as speculators took profits amid a weaker dollar. Prices also seen some pressure mostly upbeat U.S. economic data, reaffirming investor expectations for a faster pace of rate hikes. Expectations that the U.S. Federal Reserve would increase interest rates twice more this year further pressured prices.

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