EPIC RESEARCH MCX GOLD UPDATE OF 05 FEBRUARY 2018

Gold trading range for the day is 29959-30827.Gold prices declined as the U.S. dollar ticked up after U.S. jobs data showed a robust rise in jobs and wages and 10-year U.S. Treasury yields peaked.Non-farm payrolls rose by 200,000 jobs in January, the U.S. Labor Department said, beating expectation of 180,000 and their largest annual gain in more than 8-1/2 years.Demand for physical gold improved in the week in India as jewellers resumed purchases after the government kept import taxes on the precious metal unchanged.

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