EPIC RESEARCH MCX Gold UPDATE OF 06 September 2018

Gold trading range for the day is 30106-30542.

* Gold prices rose driven by the ongoing currency crisis in Argentina, which could lead to a recession, a weaker peso and higher inflation.

* The greenback slipped after a report that Germany would be ready to accept a less detailed agreement on the UK’s future economic and trade ties with the EU.

* With a number of emerging markets including Argentine, Turkey and Indonesia battling currency crises, the demand for gold, is likely to rise.

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