EPIC RESEARCH MCX Gold UPDATE OF 4 December 2018

Gold trading range for the day is 30114-31294.

* Gold prices gained as the dollar weakened on U.S.-China trade truce that revived investor demand for riskier assets.

* U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets.

* Speculators increased their net short position in gold by 8,464 contracts to 51,828 contracts, according to U.S. CFTC data.

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