EPIC RESEARCH MCX GOLD UPDATE OF 23 AUGUST 2018

Gold trading range for the day is 29544-29862. Gold gained as the dollar eased ahead of minutes from the U.S. Federal Reserve's August policy meeting and trade talks between Chinese and U.S. officials. The central bank held interest rates unchanged at its last meeting, giving an upbeat assessment of the economy, as it stays on course to gradually lift interest rates. Holdings of gold backed exchange traded funds, meanwhile, have fallen by 4.1 million ounces, or 7 percent, since late May as investors exited positions.

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