EPIC RESEARCH MCX GOLD UPDATE OF 27 AUGUST 2018

Gold trading range for the day is 29416-30210. Gold prices rose as the dollar came under pressure from clues about the direction of U.S. monetary policy from Federal Reserve Chairman Jerome Powell. Prices remained supported as dollar slipped amid U.S.-China trade talks and as U.S. President Trump criticized the U.S. Fed’s plan to raise interest rates. Demand for physical gold was modest in India while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.

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