EPIC RESEARCH MCX GOLD UPDATE OF 05 June 2018

Gold trading range for the day is 30727-31101.

Gold traded in range as expectations of a U.S. rate hike this month offset support from trade war worries.

Recent strong U.S. data overshadowed concerns about escalating trade tensions between the United States and its allies.

U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions.


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