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EPIC RESEARCH MCX Gold UPDATE OF 16 April 2019


Gold trading range for the day is 31609-31997.

Gold settled flat as progress in U.S.-China trade talks lifted risk sentiment, taking the sheen off safe-haven bullion even as the dollar weakened.

U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap.

Dealers were charging a premium of up to $2.50 an ounce over official domestic prices, the highest in nearly five months.

Hedge funds and money managers increased their bullish wagers in COMEX gold in the week to April 9, the U.S. Commodity Futures Trading Commission (CFTC) said.


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EPIC RESEARCH MCX Gold UPDATE OF 16 April 2019

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