EPIC RESEARCH MCX GOLD UPDATE OF 01 MARCH 2018

Gold trading range for the day is 30212-30530. Gold remained supported as investors interpreted comments from Fed Chairman Powell to mean that US may raise interest rates more frequently than anticipated this year. The Fed is expected to approve its first rate increase of 2018 at its next policy meeting in March, when it will also provide fresh economic projections. The ECB could end bond purchases this year while an interest rate hike in 2019 is not unrealistic if the euro zone's economic upswing continues, Jens Weidmann said.
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