EPIC RESEARCH MCX Gold UPDATE OF 16 October 2018

Gold trading range for the day is 31589-32549.

* Gold rose as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia.

* On Wednesday investors will get the chance to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time this year.

* The minutes come in the wake of President Donald Trump’s criticism of the central bank’s recent rate hikes

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