EPIC RESEARCH MCX GOLD UPDATE OF 11 MAY 2018

Gold trading range for the day is 31118-31610.

Gold rose after weaker-than-forecast U.S. inflation data and as tensions between the United States and Iran also supported the precious metal.

U.S. data showed the Consumer Price Index rose 0.2 percent in April, less than the 0.3 percent increase that had been forecast.

The BOE held interest rates steady and said it wanted to be sure the economy was recovering from a slow start to the year before it raised borrowing costs again.

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