EPIC RESEARCH MCX Gold UPDATE OF 29 November 2018

Gold trading range for the day is 30093-30749.

* Gold prices rose as the U.S. dollar tumbled after Fed Chairman Powell indicated that interest rates were near normal, soothing investor worries over the pace of rate hikes.

* Powell said that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest-rate hikes are meant to balance economic risks.

* Fed Vice Chair Clarida the central bank should continue to gradually raise interest rates, but it was “especially important” to monitor economic data.

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