EPIC RESEARCH MCX Gold UPDATE OF 04 September 2018

Posted by Commodity Updates by Epic Research on 11:44:00 with No comments

Gold trading range for the day is 29971-30525.

* Gold looks to remain under pressure on worries over an escalation in trade conflicts between the United States and other countries.

* Prices have fallen this year amid rising U.S. interest rates, international trade disputes and the Turkish currency crisis, with investors preferring the dollar as a safe-haven.

* Hedge funds and money managers cut their net short positions in COMEX gold contracts for the first time in more than a month, CFTC data.

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