EPIC RESEARCH MCX Gold UPDATE OF 05 October 2018

Posted by Commodity Updates by Epic Research on 12:31:00 with No comments
Gold trading range for the day is 31048-31722.

* Gold steadied as surging U.S. government bond yields and nervousness about inflationary pressures sent stock markets tumbling and investors to seek safety.

* Further supporting the dollar was data showing strength in the U.S. job market, with service sector activity racing to a 21-year high in September.

* The Fed raised U.S. rates last week and said it planned four more increases by the end of 2019 and another in 2020, citing steady economic growth.

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