EPIC RESEARCH MCX Gold UPDATE OF 19 December 2018

Gold trading range for the day is 30858-31716.

Gold dropped as firmness in Rupee weighed as investors awaited the U.S. Federal Reserve’s decision on interest rates.

The Chinese government has just announced it plans to implement additional "major" tax cuts.

US Treasury yields drifting lower on the day as sustained risk-off sentiment drives demand.

Futures Implied Probability of a 25bps by Federal Reserve rate hike this week stands at 74% .


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