EPIC RESEARCH MCX GOLD UPDATE OF 29 NOVEMBER 2017

Gold trading range for the day is 29296-29538. Gold prices edged lower as reports suggesting that North Korea fired a ballistic missile failed to raise safe haven demand. North Korea sparked geopolitical tensions after South Korean news agency reported that the Kim Jong-un led nation fired a ballistic missile in the direction of the Sea of Japan.Speculators cut their net long positions in COMEX gold by 3,944 contracts to 177,066 contracts in the week, CFTC data showed.



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