EPIC RESEARCH MCX Gold UPDATE OF 14 August 2018

Gold trading range for the day is 29586-29962.

Gold prices dropped losing out to U.S. Treasuries and a strong dollar as investors sought refuge from a financial market rout triggered by a crashing Turkish lira.

U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 percent target as a fiscal stimulus fades.

Gold last week was sold at a discount in India for the first time in six weeks on subdued demand.

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