EPIC RESEARCH MCX Gold UPDATE OF 2 November 2018

Gold trading range for the day is 31665-32051.

* Gold gained as the recent drop in metal prices and an easing of the U.S. dollar from multi-month highs stoked buying.

* Investors are wary of a potential saturation in currencies ahead of the U.S. mid-term elections and amid other geo-political uncertainties.

* Indian gold demand in 2018 is expected to fall from the previous year as a rally in local prices to five-year highs is likely to dent purchases during key festivals.


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