EPIC RESEARCH MCX Gold UPDATE OF 24 December 2018

Gold trading range for the day is 31004-31482.

* Gold dropped pressured by strength in dollar despite of subdued outlook towards U.S. interest rates

* The Fed’s commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth.

* Demand for physical gold was tepid across major buying centres in Asia in the week as higher prices curbed purchases, with buying also impacted by the arrival of the year-end holiday season. -


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