EPIC RESEARCH MCX GOLD UPDATE OF 16 July 2018

Gold trading range for the day is 29932-30270.

Gold prices slipped as the dollar gains amid a strong U.S. inflation report and continued trade war concerns were cited as tailwind for the greenback.

U.S. Treasury Secretary Steven Mnuchin said the United States and China could reopen talks on trade but only if Beijing is willing to make significant changes.

Investors retreating from gold can be seen in SPDR Gold Trust, which has seen its holdings fall more than 8 percent since late April to below 26 million ounces.

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