EPIC RESEARCH MCX Gold UPDATE OF 20 December 2018

Gold trading range for the day is 30932-31492.

* Gold gained bolstered by increasing expectations the U.S. Federal Reserve would tone down its stance on monetary tightening for the next year.

* The Federal Reserve lifted a key U.S. interest rate by a quarter point, as expected.

* The central bank, however, now projects two rate hikes in 2019, down from the three seen in September.


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