EPIC RESEARCH MCX Gold UPDATE OF 14 March 2019

Gold trading range for the day is 31923-32461.

Gold rose as investors opted for the safe-haven metal after British lawmakers rejected an amended exit deal, while a weaker dollar lent further support.

The British Parliament rejected Prime Minister Theresa May’s deal to quit the European Union for a second time, deepening the country’s political crisis days.

The weak U.S. inflation data suggests that policy makers may hold back from additional rate increase.

Reflecting investors sentiment, holdings SPDR Gold Trust, rose about 0.4 percent, holdings have risen after seeing heavy liquidations due to a sharp correction prices.


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