EPIC RESEARCH MCX Gold UPDATE OF 22 January 2019

Gold trading range for the day is 31864-32284.

Gold prices slipped as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in U.S. interest rates.

Federal Reserve officials have left little doubt that they want to stop raising interest rates – at least for a while.

Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.

Reflecting investor appetite for gold, holdings of SPDR Gold , the largest gold based exchange traded fund, rose 1.5 percent on Friday to 809.76 tonnes.

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