EPIC RESEARCH MCX Gold UPDATE OF 08 October 2018

Gold trading range for the day is 31116-31934.

* Gold prices rose as the greenback pared back earlier gains after September’s jobs numbers came in lower than expected.

* The U.S. economy created less jobs than expected in September, but unemployment reached a 48-year low, indicating the economy was at full-employment.

* Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months in the week.

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