EPIC RESEARCH MCX Gold UPDATE OF 19 March 2019

Gold trading range for the day is 31455-31849.

Gold prices slipped as gains in the equity markets dented the appeal of the precious metal ahead of a U.S. Federal Reserve policy meeting this week.

Meanwhile, renewed optimism over prospects for a U.S.-China trade deal was cited as a headwind for the safe-haven metal.

Chinese Vice Premier Liu He had a telephone conversation with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer last Thursday.

Dealers trimmed their net long position in COMEX gold in the week to March 12 for a third straight week, the U.S. Commodity Futures Trading Commission (CFTC) said.

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