EPIC RESEARCH MCX GOLD UPDATE OF 6 JULY 2018

Gold trading range for the day is 30465-30811. Gold prices steadied as the dollar inched down and after minutes of the U.S. Federal Reserve June policy meeting were in line with market expectations. U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy. Last month, U.S. Fed Chairman Powell said the central bank should continue with a gradual pace of interest rate rises amid a strong economy.

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