EPIC RESEARCH MCX Gold UPDATE OF 30 July 2018
Posted by Commodity Updates by Epic Research on 13:26:00 with No comments
Gold trading range for the day is 29579-29925.
* Gold edged lower amid stronger dollar and in response to an easing of trade tensions after the US agreed to refrain from imposing tariffs on cars from EU.
* New orders for key U.S made capital goods increased more than expected in June and shipments surged, pointing to solid growth in business spending on equipment.
* The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance.
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