EPIC RESEARCH MCX GOLD UPDATE OF 02 AUGUST 2017

Gold trading range for the day is 28590-28904. Gold settled flat after U.S. economic data showed lukewarm inflation and nearly flat consumer spending. A gauge of U.S. factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior month. U.S. political uncertainty remained front and center, after President Donald Trump ousted recently hired White House communications chief Anthony Scaramucci.

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