EPIC RESEARCH MCX GOLD UPDATE OF 10 AUGUST 2018

Gold trading range for the day is 29513-29811. Gold prices seen supported drawing some support from global political tensions and a slightly weaker dollar against the yen. The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labour market. China warned that duties imposed by President Donald Trump’s administration on some $50 billion of Chinese imports set to be enacted on Aug. 23.

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