EPIC RESEARCH MCX Gold UPDATE OF 11 April 2019

Gold trading range for the day is 32013-32427.

Gold prices gained as equities slipped on concerns over global growth and trade tensions between the United States and Europe.

Adding to investor concerns, the International Monetary Fund slashed its global economic growth forecasts for 2019 and warned growth could slow further.

US-Europe trade tension troubled the markets. The European Union said it is preparing retaliatory tariffs against the US subsidies to Boeing.

Hedge funds and money managers slashed their bullish wagers in COMEX gold in the week to April 2, the U.S. CFTC said.

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