EPIC RESEARCH MCX GOLD UPDATE OF 17 AUGUST 2018

Gold trading range for the day is 29087-29721. Gold prices remained under pressure despite news that China and the United States will hold trade talks this month. The meeting between a Chinese delegation and U.S. representatives offers hope for progress in resolving the trade conflict. Political and economic uncertainty have seen investors opt for the safety of U.S. Treasuries and the U.S. currency.

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