EPIC RESEARCH MCX Gold UPDATE OF 8 February 2019

Posted by Commodity Updates by Epic Research on 12:27:00 with No comments

Gold trading range for the day is 32913-33413.

* Gold fell pressured by a stronger dollar, but worries over slowing global economic growth limited the downside.

* BOE looks set to trim its forecasts for Britain’s already sluggish growth, reflecting the approach of a still uncertain Brexit in just 50 days’ time.

* U.S. Fed said it would be patient on further rate hikes, while the European Central Bank sounded less certain that it would start tightening policy later this year.


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