EPIC RESEARCH MCX GOLD UPDATE OF 23 July 2018

Posted by Commodity Updates by Epic Research on 15:41:00 with No comments

Gold trading range for the day is 29644-30098.

* Gold prices rose after U.S. President Donald Trump criticised the strength of the dollar and interest rate increases by the Federal Reserve, pushing the greenback sharply lower.

* Demand for gold is expected to rise during the second half of 2018, as inflation potentially rises and a global trade war may impact currencies, the World Gold Council said.

* Switzerland's gold exports rose for a second month in June as shipments to China jumped to the highest in four months, data from the Swiss customs bureau showed.


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