EPIC RESEARCH MCX Gold UPDATE OF 26 March 2019

Gold trading range for the day is 32007-32355.

Gold rose as investors’ appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth.

Chicago Federal Reserve Bank President Charles Evans said that it is a good time for the U.S. central bank to pause and adopt a cautious stance.

Data showed that U.S. manufacturing activity unexpectedly cooled in March and businesses across the euro zone performed much worse than expected this month.

Investors also raised their bullish wagers in COMEX gold in the week to March 19, the U.S. CFTC said.


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