EPIC RESEARCH MCX Gold UPDATE OF 25 March 2019

Gold trading range for the day is 31430-32520.

Gold prices gained amid weak economic data from the euro zone exacerbated fears of a global slowdown and weighing on risk sentiment.

The Fed brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year.

The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions

Demand for physical gold moderated this week in India as many jewellers held off on purchases ahead of the end of the country's financial year to pay off advance taxes.


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