EPIC RESEARCH MCX Gold UPDATE OF 15 November 2018

Posted by Commodity Updates by Epic Research on 11:53:00 with No comments

Gold trading range for the day is 30517-30999.

* Gold rose helped by a slight retreat in the dollar following a rally and as some investors covered their short positions after the metal held the key $1,200 level.

* The Fed indicated earlier this month that it is still on course to hike interest rates in December.

* Market participants will also be keeping an eye on Fed Chairman Powell’s appearance in the Federal Reserve Bank of Dallas Global Perspective Speaker Series.



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