EPIC RESEARCH MCX GOLD UPDATE OF 30 JANUARY 2018

Gold trading range for the day is 29893-30233. Gold prices edged lower as the U.S. dollar recovered somewhat from last week's turbulence, prompted by conflicting comments from the Trump administration at Davos. The greenback fell last week following comments from U.S. Treasury Secretary Steven Mnuchin about how a weaker currency benefits trade. Attempts to target exchange rates risk setting off a currency war, a top ECB executive argued, just days after U.S. officials made their case for a weaker dollar.



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