EPIC RESEARCH MCX GOLD UPDATE OF 29 JANUARY 2018

Gold trading range for the day is 30038-30626. Gold prices pared gains as the U.S. dollar strengthened when President Donald Trump talked up a stronger greenback. The dollar reversed earlier losses and U.S. stocks relinquished gains after Trump told in an interview in Davos, Switzerland that he wants to see a strong dollar. Holdings of gold in ETFs and bets by funds on higher gold prices on the Comex exchange have surged in recent weeks.

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