EPIC RESEARCH MCX Gold UPDATE OF 9 November 2018

Gold trading range for the day is 31084-31662.

Gold slid as the dollar firmed in the wake of the U.S. midterm elections, with market participants now awaiting clues on the pace of interest rate hikes from the U.S. Federal Reserve.

The Federal Reserve announced that it will maintain its monetary policy and indicated further gradual rate hikes before the end of the year.

India raised gold holdings by 6.53 tonnes to 586.46 tonnes in September 2018, according to IMF data.


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