EPIC RESEARCH MCX GOLD UPDATE OF 19 July 2018

Posted by Commodity Updates by Epic Research on 15:59:00 with No comments

Gold trading range for the day is 29586-29870.

* Gold prices gains as a retreat in the dollar from highs supported metal prices despite renewed focus on U.S.-China trade tensions.

* The Fed should ease away from money policy accommodation and raise interest rate to avoid inflation as data showed the U.S. economy has improved in recent months.

* Housing starts tumbled 12.3% to a seasonally adjusted annual rate of 1.173 million units last month, the Commerce Department said.

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