EPIC RESEARCH MCX Gold UPDATE OF 22 October 2018

Gold trading range for the day is 31753-32121.

* Gold dropped as the U.S. dollar seen supported amid expectations of another interest rate increase this year.

* Investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

* A key festival brought little activity to the physical gold market in India in the week as purchases remained significantly lower than normal.


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