EPIC RESEARCH MCX GOLD UPDATE OF 29 MAY 2018

Gold trading range for the day is 30738-31262.

Gold prices eased as U.S. President Trump revived hopes of his summit with North Korean leader Kim Jong-un, after cancelling the meeting last week.

Risk appetite was boosted after U.S. President Donald Trump said that a U.S. team had entered North Korea to prepare for a proposed summit.

Hedge funds and money managers cut their net long position in COMEX gold contracts to the smallest in 10 months in the week to May 22, U.S. CFTC data showed.

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