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Tuesday, 21 August 2018

EPIC RESEARCH MCX GOLD UPDATE OF 21 AUGUST 2018

Gold trading range for the day is 29380-29584. Gold gained as a strengthening currency in China made the metal cheaper for buyers in the world’s biggest gold consumer. Investors seeking a safe place to store assets amid trade disputes and a Turkish currency crisis have preferred the dollar to gold, undermining the reputation of bullion as a safe-haven. Physical gold demand in India regained momentum last week as jewellers stocked up after prices dipped to their lowest in over seven months.

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