EPIC RESEARCH MCX Gold UPDATE OF 09 October 2018

Posted by Commodity Updates by Epic Research on 12:19:00 with No comments

Gold trading range for the day is 30989-31647.

* Gold fell as investors sought safety in the U.S. dollar on concerns about a selloff in global stocks worsened by worries over economic growth in China.

* U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls.

* The unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.


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