EPIC RESEARCH MCX Gold UPDATE OF 1 March 2019

Posted by Commodity Updates by Epic Research on 12:23:00 with No comments

Gold trading range for the day is 32692-33530.

Gold prices fell pressured by a mild revival in dollar after comments from the U.S. Trade Representative dampened expectations of a quick resolution to U.S.-China trade dispute.

Fed's Powell stayed on script at a U.S. Senate Banking Committee, but it slipped in his question-and-answer session with U.S. senators.

Improving risk appetite lifted the British pound following media reports Prime Minister Theresa May was considering delaying the March 29 deadline for the UK’s exit.

U.S. consumer confidence index for February to 131.4, from a revised 121.7 reading in January.


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