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EPIC RESEARCH MCX Gold UPDATE OF 28 January 2019

Tags: gold china miles

Gold trading range for the day is 31872-32618.

Gold prices gained amid concerns that a prolonged U.S. government shutdown could exacerbate an already slowing global growth.

US and China are "miles and miles" from resolving trade issues, but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said.

A synchronised global economic slowdown is under way and any escalation in the U.S.- China trade war would trigger a sharper downturn.

Technically market is under short covering as market has witnessed drop in open interest by -5.63% to settled at 7052.

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EPIC RESEARCH MCX Gold UPDATE OF 28 January 2019

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