EPIC RESEARCH MCX GOLD UPDATE OF 12 July 2018

Posted by Commodity Updates by Epic Research on 13:16:00 with No comments

Gold trading range for the day is 30148-30596.

* Gold fell after the United States threatened to impose additional tariffs on Chinese goods, escalating trade tensions between the world's two largest economies.

* The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports.

* European Central Bank policymakers are split over when the ECB might raise interest rates next year, with some saying an increase is possible as early as July 2019.

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