EPIC RESEARCH MCX Gold UPDATE OF 9 January 2019

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


Gold trading range for the day is 31494-31884.

* Gold held steady as bets on a pause in U.S. interest rate hikes and hopes of a Sino-U.S. trade deal put pressure on the dollar.

* Investors grew increasingly convinced that the Federal Reserve will not raise interest rates this year amid uncertainties over the U.S. economy.

* India raised its gold holdings by 6.54 tonnes to 598.59 tonnes in 2018 November, according to International Monetary Fund data.

* 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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