EPIC RESEARCH MCX Gold UPDATE OF 14 November 2018

Posted by Commodity Updates by Epic Research on 12:26:00 with No comments

Gold trading range for the day is 30645-30981.

* Gold dropped as concerns over Italy's budget and ongoing Brexit talks, along with expectations for further U.S. rate hikes, held the dollar near 16-month highs.

* Dollar strength has outweighed any positive impact of risk aversion on gold, traditionally also seen as a safe store of value in times of market volatility.

* The U.S. Federal Reserve reaffirmed its commitment to tightening monetary policy, a move likely to weigh on interest in bullion.


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