EPIC RESEARCH MCX Gold UPDATE OF 4 January 2019

Gold trading range for the day is 31546-32060.

* Gold prices rallied as worries about a global economic slowdown and volatility in equities boosted safe-haven buying, while a weaker dollar offered support.

* Adding to investor concerns, a meeting between U.S. congressional leaders and President Trump saw no sign of an agreement to end a partial government shutdown.

* Fed futures are now pricing a 77% probability that there will be zero changes to the US policy interest rate by the end of 2019.


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