EPIC RESEARCH MCX GOLD UPDATE OF 30 MAY 2018

Gold trading range for the day is 30879-31479. Gold prices remained supported as earlier losses on dollar strength were offset somewhat by rising safe-haven demand following an uptick in geopolitical uncertainty. Italy faces the prospect of fresh elections, which could deliver a deeply Eurosceptic government, threatening the future of Eurozone. Rising geopolitical uncertainty, however, has failed to stop money managers from trimming their bets on gold for a second-straight week.

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