EPIC RESEARCH MCX GOLD UPDATE OF 06 FEBRUARY 2018

Gold trading range for the day is 30119-30461. Gold prices remained under pressure as the dollar moved off lows after services data topped forecasts.Futures markets reacted after the jobs data by pricing in the risk of three, or even more, rate rises from the U.S. Federal Reserve this year. The Fed last week held interest rates unchanged, but raised its inflation outlook and flagged "further gradual" rate increases.

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