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Wednesday 5 September 2018

EPIC RESEARCH MCX Gold UPDATE OF 05 September 2018

Gold trading range for the day is 30043-30365.

* Gold slipped as concerns over an escalating trade conflict between US and China battered emerging market currencies and prompted investors to buy dollar.

* Prices remained under pressure amid rising U.S. interest rates, trade disputes and the Turkish currency crisis, with investors parking their money in the dollar.

* Physical gold demand in India was moderate last week amid an improvement in retail purchases before the festival season despite an increase in domestic prices.

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