EPIC RESEARCH MCX Gold UPDATE OF 05 October 2018
Posted by Commodity Updates by Epic Research on 12:31:00 with No comments
* 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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