EPIC RESEARCH MCX Gold UPDATE OF 17 January 2019

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

Gold trading range for the day is 32037-32431.

* Gold edged up supported by uncertainty around Brexit after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union.

* An increased chance of a disorderly Brexit is supporting gold's safe-haven appeal due to a risk-off sentiment.

* The U.S. economy is taking a larger-than-expected hit from a partial government shutdown, White House estimates showed.


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