EPIC RESEARCH MCX GOLD UPDATE OF 3 MAY 2018

Gold trading range for the day is 30834-31060. Gold remained under pressure as ongoing demand for the dollar pressured prices to give up some of its gains ahead of a Fed interest rate decision. The Federal Reserve held interest rates steady and expressed confidence that a recent rise in inflation to near the U.S. central bank's target would be sustained. The U.S. economy is expanding at a 4.1 percent annualized rate in the second quarter as the government said construction spending fell in March.

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