EPIC RESEARCH MCX Gold UPDATE OF 16 November 2018

Gold trading range for the day is 30609-31043.

* Gold prices inched up as the dollar slipped following reports that China delivered a written response to U.S. trade demand.

* Federal Reserve chairman Jerome Powell said in Dallas that the U.S. economy is “in such a good place right now”.

* Powell reiterated the central bank is independent and would continue to do what is best for the U.S. economy.

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