EPIC RESEARCH MCX GOLD UPDATE OF 19 JULY 2018

Gold trading range for the day is 29586-29870. Gold prices gains as a retreat in the dollar from highs supported metal prices despite renewed focus on U.S.-China trade tensions. The Fed should ease away from money policy accommodation and raise interest rate to avoid inflation as data showed the U.S. economy has improved in recent months. Housing starts tumbled 12.3% to a seasonally adjusted annual rate of 1.173 million units last month, the Commerce Department said.

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