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Wednesday 12 September 2018

EPIC RESEARCH MCX Gold UPDATE OF 12 September 2018

Gold trading range for the day is 30460-30866.

* Gold prices held steady as investors remained on the sidelines amid expectations of a U.S. interest rate hike this month.

* Strong U.S. payrolls data cemented expectations that the U.S. Federal Reserve will raise interest rates in September, in what would be its third hike this year.

* Traders were bracing for a potential escalation in the Sino-U.S. row after President Donald Trump raised the stakes by saying he was ready to impose tariffs.

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