EPIC RESEARCH MCX Gold UPDATE OF 3 January 2019

Gold trading range for the day is 31226-31896.

* Gold prices rose on demand for safer investments amid falling equity markets and concerns over the outlook for global economic growth.

* Markets were looking for views from Federal Reserve Chairman Jerome Powell on the U.S. economic outlook and hints about rate hikes in 2019.

* Also looming are a closely-watched survey on U.S. manufacturing due on Thursday, followed by the December payrolls report on Friday.


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