EPIC RESEARCH MCX GOLD UPDATE OF 18 JULY 2017

Gold trading range for the day is 27978-28214. Gold prices edged up as the dollar slumped on the back of data that pointed to weak U.S. inflation and dampened prospects for rate hikes. The U.S. government reported that consumer prices were unchanged in June and retail sales declined for a second straight month.SPDR Gold Trust (GLD), said its holdings fell 0.21 percent to 827.07 tonnes from 828.84 tonnes.

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