EPIC RESEARCH MCX Gold UPDATE OF 6 December 2018

Posted by Commodity Updates by Epic Research on 11:35:00 with No comments

Gold trading range for the day is 30812-31220.

* Gold slipped on expectations of more interest rate hikes following remarks from a U.S. Federal Reserve official and as some investors booked profits

* US Treasury Secretary Mnuchin: Markets are trying to figure out if the United States and China will have a trade deal after 90 days

* Expect China to roll back agriculture tariffs "quickly" - Fed's Kudlow

* See long-term challenges in otherwise strong economy: Fed's Powell

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