EPIC RESEARCH MCX Gold UPDATE OF 01 October 2018

Gold trading range for the day is 30409-30981.

* Gold ended with gains but dropped on weekly basis as the greenback continued to rally from the Federal Reserve’s interest rate hike and strong economic data.

* The Fed raised interest rates and said it planned four more increases by the end of 2019 and another in 2020.

* U.S. economic growth accelerated in the second quarter at its fastest pace in nearly four years.


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