EPIC RESEARCH MCX Gold UPDATE OF 7 August 2018

Gold trading range for the day is 29558-29732.

* Gold fell on firmer dollar and expectations for further interest rate hikes by the U.S. Fed U.S. ‘snapback’ sanctions targeting the purchase of precious metals.

* Chinese state media criticised U.S. President Donald Trump’s trade policies in an unusually personal attack, and sought to reassure investors anxious about China’s economy.

* Hedge funds added a hefty 13,931 contracts to their net short position, bringing it to 41,087 contracts, the biggest since records became publicly available in 2006.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+