EPIC RESEARCH MCX Gold UPDATE OF 30 January 2019

Gold trading range for the day is 32401-33189.

Gold rose as investors shun riskier assets on worries over escalation in Sino-U.S. trade tensions.

The U.S. Federal Reserve's two-day policy meeting begins later in the day, where the central bank is expected to leave interest rates unchanged.

The Fed raised interest rates four times last year, but some officials have said they will be patient in raising rates given the stalemate over global trade.

Reflecting investor sentiment in bullion, holdings of SPDR Gold Trust, rose 0.73 percent to 815.64 tonnes, their highest since June 2018.

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