EPIC RESEARCH MCX Gold UPDATE OF 16 January 2019

Gold trading range for the day is 32022-32356.

Gold steadied as a bounce in stocks stoked interest in riskier assets, although investors remained cautious ahead of a key Brexit vote.

Chinese data reinforced concerns that U.S. tariffs were taking a toll on Chinese goods, and that China’s 2019 growth could be one of the lowest since 1990.

Hedge funds and money managers raised their net long position in Comex gold in the week to Dec. 18, the U.S. Commodity Futures Trading Commission said.

The Perth Mint's December sales of gold products dived nearly 55 percent, their lowest since June 2018, from the previous month.


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