EPIC RESEARCH MCX Gold UPDATE OF 3 December 2018

Gold trading range for the day is 30041-30521.

* Gold edged lower as the dollar firmed ahead of an expected meeting between U.S. President Donald Trump and China’s President Xi Jinping at the G20 summit.

* Comments by the Federal Reserve chief were seen as a signal that a rising trend in interest rates may end, and this also supported the greenback.

* Fed funds futures are pricing in a 78.6% probability of a hike in December followed by a 39.8% chance of a subsequent one in March 2019


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