EPIC RESEARCH MCX Gold UPDATE OF 12 February 2019

Gold trading range for the day is 32759-33343.

Gold prices eased as uncertainties around U.S-China trade tensions made the dollar buoyant.

Investors are looking ahead to trade talks between Beijing and Washington with a delegation of U.S. officials travelling to China for the next round of negotiations.

Trade tensions between the world’s top two economies have rattled financial markets since last year and also boosted the appeal of the U.S. dollar as a safe-haven.

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.


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