EPIC RESEARCH MCX Gold UPDATE OF 30 AUGUST 2018

Posted by Commodity Updates by Epic Research on 12:34:00 with No comments
Gold trading range for the day is 29933-30327.

* Gold prices gained as funds bet prices would find short-term support at $1,200 but a stronger dollar and expectations for increases in U.S interest rates limited gains.

* The dollar rose as relief about a U.S.-Mexico trade deal gave way to concern among investors that the conflict over trade between the United States and China was not about to end soon.

* Adding to gold’s woes are expectations for further U.S. interest rate increases this year, record bets on prices falling and liquidations in exchange-traded funds (ETFs).


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