EPIC RESEARCH MCX GOLD UPDATE OF 4 JUNE 2018

Gold trading range for the day is 30670-31320. Gold fell after stronger than forecast U.S. payrolls data boosted expectations that Fed will press ahead with another U.S. interest rate hike. The payrolls report showed the U.S. economy added 223,000 jobs last month, well ahead of expectations for 188,000 jobs. SPDR gold trust holdings dropped by 1.25% i.e. 10.61 tonnes to 836.42 tonnes from 847.03 tonnes.

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