EPIC RESEARCH MCX GOLD UPDATE OF 28 AUGUST 2018

Gold trading range for the day is 29791-30187. Gold prices gained as a weaker U.S. dollar and trade tensions boosted the precious metal. Powell said during a speech at the Jackson Hole Symposium in Wyoming last Friday that "further, gradual" rate hikes were likely in the future. His comments came despite President Donald Trump’s criticism of higher borrowing costs as he said recently that he is “not thrilled” with the Fed’s decision to hike rates.

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