EPIC RESEARCH MCX GOLD UPDATE OF 18 June 2018

Gold trading range for the day is 30665-31597.

Gold prices slumped to three-week lows as disappointed speculators liquidated long positions despite fresh trade skirmishes between the United States and China.

President Donald Trump announced that the United States will implement a 25 percent tariff on $50 billion of goods from China.

Gold discounts in India were at their widest in nine months this week as higher domestic prices tempered retail purchases, while buying in other Asian centres remained subdued.

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