EPIC RESEARCH MCX GOLD UPDATE OF 24 MAY 2018

Gold trading range for the day is 30928-31516. Gold gains as the U.S. dollar backed off its highs while investors interpreted minutes from the U.S. Federal Reserve's latest policy meeting as dovish. U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates. Most Federal Reserve policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact.

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