EPIC RESEARCH MCX Gold UPDATE OF 10 December 2018

Gold trading range for the day is 30550-32544.

Gold gained as dollar erased gains after data showed U.S. job growth slowed in November and monthly wages increased less than expected.

Fed policymakers are still widely expected to raise interest rates again at their Dec. 18-19 meeting, but the market focus is on how many rate hikes will follow in 2019.

Data showed the U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high.

Gold was sold at a discount in India for the first time in a month as a rebound in local prices prompted jewellers to postpone purchases, while demand improved in China.



Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+