EPIC RESEARCH MCX GOLD UPDATE OF 10 July 2018

Gold trading range for the day is 30487-30843.

Gold rose as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering U.S.-Sino trade tensions supported the bullion as well.

The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures.

Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund fell 0.18 percent to 800.77 tonnes on Monday.

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