EPIC RESEARCH MCX GOLD UPDATE OF 18 July 2018

Gold trading range for the day is 29453-30225.

* Gold declined as the U.S. dollar strengthened during testimony by U.S. Federal Reserve Chairman Jerome Powell to the U.S. Congress.

* The Fed's Powell said he sees the United States on course for years more of steady growth.

* Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects.

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