EPIC RESEARCH MCX Gold UPDATE OF 28 December 2018

Gold trading range for the day is 31392-31928.

* Gold rose as global growth worries and volatility in stock markets boosted demand for the safe-haven metal, but gains were capped by a sharp rebound in equities.

* However, upbeat U.S. data and signs of easing trade tensions between Washington and Beijing limited demand for the metal.

* SPDR gold trust holdings dropped by 0.30% i.e. 2.35 tonnes to 787.67 tonnes from 790.02 tonnes.

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