EPIC RESEARCH MCX GOLD UPDATE OF 20 July 2018

Posted by Commodity Updates by Epic Research on 12:36:00 with No comments

Gold trading range for the day is 29542-30116.

* Gold recovered on short covering after prices seen under pressure as the dollar rose after comments from Fed Chairman that reaffirmed expectations more U.S. interest rate increases

* White House economic advisor Larry Kudlow said trade talks with China have paused for now, although discussions with the European Union have been more promising.

* Demand for gold is expected to rise during the second half of 2018, as inflation potentially rises and a global trade war may impact currencies, the World Gold Council said.

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