EPIC RESEARCH MCX GOLD UPDATE OF 01 NOVEMBER 2017

Gold trading range for the day is 28987-29451. Gold edged lower as the dollar firmed with investors awaiting hints on a U.S rate hike following the Federal Reserve’s two-day policy meeting. U.S. consumer confidence jumped to a near 17-year high in October, with households upbeat about the labour market and business conditions. Investors are also awaiting the naming of the next Fed chair likely on Thursday, the Bank of England policy meeting on Thursday and more data.



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