EPIC RESEARCH MCX GOLD UPDATE OF 30 OCTOBER 2017

Gold trading range for the day is 29158-29420.Gold prices recovered from lows after the Catalonian parliament's independence declaration from Spain led investors to seek safety from political upheaval. Catalonia's declaration was in defiance of the Madrid government, which was preparing to impose direct rule over the region. Bullion is often used as a safe haven in times of geopolitical and economic uncertainty, while riskier assets such as equities are generally sold off.



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