EPIC RESEARCH MCX GOLD UPDATE OF 31 MAY 2018

Gold trading range for the day is 30813-31261. Gold traded in range as signs the Italian crisis was abating reduced safe-haven demand, triggering risk-on sentiment, offsetting support from a plunge in dollar. U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years. China lashed out at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war.

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