EPIC RESEARCH MCX Gold UPDATE OF 12 April 2019

Gold trading range for the day is 31407-32403.

Gold dropped as robust economic data from the United States boosted the dollar, taking the sheen off the safe-haven metal.

The U.S. Federal Reserve minutes from its March meeting cemented dovish policy stance citing risks of global economic slowdown.

The European bond market also fell after the ECB maintained its dovish policy stance and flagged downside risks to the eurozone economy.

U.S. Treasury yields fell as tepid U.S. inflation data reinforced the Fed's decision to hold interest rate steady.


Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+