EPIC RESEARCH MCX GOLD UPDATE OF 16 MAY 2018

Gold trading range for the day is 30929-31639.

Gold slid as a rise in U.S. borrowing costs pushed up the dollar and overshadowed the impact of strife in Gaza.

Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.

Federal Reserve official backed the case for further interest rate hikes in United States, were limiting upside for gold.

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