EPIC RESEARCH MCX Gold UPDATE OF 15 January 2019

Gold trading range for the day is 31867-32357.

Gold prices inched up supported by expectations that the U.S. Federal Reserve will not raise rates this year.

Market participants think that worries of slowing domestic and global growth as well as tame U.S. inflation will make Fed policymakers hesitant to raise interest rates.

The central bank had the ability to be patient on monetary policy given stable price measures, U.S. Federal Reserve Chairman Jerome Powell said.

Physical gold premiums rose in China last week as investment demand firmed on worries over global growth and a softening dollar.


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