EPIC RESEARCH MCX GOLD UPDATE OF 03 July 2018

Gold trading range for the day is 30111-30607.

Gold prices dropped as pressure seen after the dollar received boost from better than expected U.S. manufacturing data.

U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve's 2 percent target for the first time in six years.

Gold demand improved in India as prices fell to their lowest level in nearly three months, while demand elsewhere in Asia remained tepid.

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