EPIC RESEARCH MCX Gold UPDATE OF 5 March 2019

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


Gold trading range for the day is 32097-32687.

Gold prices fell as the dollar held firm and investors opted for riskier assets on hopes of a thaw in a trade dispute between the United States and China.

Fed's Powell: Most incoming data is solid, some sentiment surveys lower. Unexpectedly weak December retail sales reason for caution.

China's net gold imports via main conduit Hong Kong in January doubled from the previous month, data showed.

Dealers in India were offering a discount of up to $2 an ounce over official domestic prices, down from last week’s $6.


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