EPIC RESEARCH MCX GOLD UPDATE OF 09 FEBRUARY 2018

Gold trading range for the day is 29660-30396. Gold prices bounced off a one-month low, as the U.S. dollar retreated despite the release of upbeat jobless claims data. Data showed that the number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years.The Fed will stick to its plan for "steady, gradual" rate increases, said San Francisco Fed President John Williams.

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