EPIC RESEARCH MCX GOLD UPDATE OF 3 AUGUST 2018

Gold trading range for the day is 29487-29841. Gold prices slipped after the dollar steadied after the Federal Reserve concluded a two-days policy meeting and gave an upbeat assessment on the U.S. economy. The Fed left interest rates unchanged following a two-day policy meeting, the central bank then upgraded its view on the economy. The dollar stayed firm as worries about an escalation in trade tensions between the United States and China supported the U.S. currency.

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