EPIC RESEARCH MCX GOLD UPDATE OF 19 JANUARY 2018

Gold trading range for the day is 29482-29782.Gold traded in a narrow range as the dollar rose and then rising as the dollar moved lower, but gains were limited by higher U.S. Treasury yields. Fed’s Mester said that her assumption the U.S. federal tax overhaul would add 0.25 to 0.5 percentage points in growth over the next two years might be too low. U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating.

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