EPIC RESEARCH MCX Gold UPDATE OF 31 AUGUST 2018

Gold trading range for the day is 29993-30405.

* Gold prices dropped on expectations of a higher interest rate, while the dollar also edged lower.

* Gross domestic product grew at a 4.2 percent annualized rate, the Commerce Department data showed in its second estimate of GDP growth for the second quarter.

* The data cemented expectations for a U.S. rate hike next month, with a 96 percent probability, according to fed funds futures.


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