EPIC RESEARCH MCX Gold UPDATE OF 20 March 2019

Posted by Commodity Updates by Epic Research on 11:34:00 with No comments

Gold trading range for the day is 31525-32223.

Gold prices rose on expectations that the U.S. Federal Reserve will maintain a dovish tone at its policy meeting this week.

PM May’s Brexit plans were thrown into further turmoil when the speaker of parliament ruled that she could not put her divorce deal to a new vote.

Indicative of investor sentiment toward gold, holdings of the SPDR Gold Trust, rose about 1.1 percent, its biggest one-day percentage gain since Jan. 18.

Factory activity in New York state hit nearly a two-year low this month and Japanese exports fell for a third month in February.


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