EPIC RESEARCH MCX Gold UPDATE OF 13 November 2018

Gold trading range for the day is 30846-31246.

* Gold dropped as the dollar inched up as traders awaited the U.S. inflation data due later this week.

* U.S. central bank last week indicated it planned to raise rates next month and remained on track for two more potential hikes by mid-2019 on the back of an upbeat economy.

* The US Dollar found renewed haven appeal against the risk-off backdrop, and its rise undermined the appeal of anti-fiat alternatives epitomized by the yellow metal.

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