EPIC RESEARCH MCX Gold UPDATE OF 7 February 2019

Gold trading range for the day is 33202-33508.

* Gold dropped on a firmer dollar as investors waited for signs of resolution in U.S.-China trade talks, while keeping an eye on the Fed’s monetary policy.

* Fed’s Robert Kaplan said that the Fed should leave interest rates where they are until the U.S. economic outlook is clearer.

* The U.S. central bank last week promised to be "patient" in rate moves due to impending slowdown and uncertain trade backdrop.


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