EPIC RESEARCH MCX Gold UPDATE OF 1 February 2019

Gold trading range for the day is 32789-33371.
* Gold prices gained as the dollar weakened after the U.S. Federal Reserve paused its monetary tightening cycle.
* The Fed held U.S. interest rates steady but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the economic outlook.
* China's 2018 gold consumption rose by 5.73 percent year-on- year to 1,151.43 tonnes.


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