EPIC RESEARCH MCX Gold UPDATE OF 03 October 2018

Gold trading range for the day is 30576-31170.

* Gold prices looks to trade with firmness buoyed by safe-haven demand as Italy’s budget plan sets it on course for a potential clash with the European Union.

* Federal Reserve Chairman Jerome Powell said that the U.S. central bank plans gradual increases to interest rates.

* Investors have also opted to buy the dollar and U.S. Treasury bonds as safe investments instead of gold.

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