EPIC RESEARCH MCX GOLD UPDATE OF 20 April 2017

Gold trading range for the day is 29094-29520. Gold dropped as the dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset. A run of disappointing U.S. economic data and doubts the Trump administration will progress with tax cuts have quelled expectations of faster inflation .SPDR Gold Trust said its holdings rose 1.39 percent to 860.76 tonnes on Wednesday from 848.92 tonnes on Tuesday.

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