EPIC RESEARCH MCX Gold UPDATE OF 18 February 2019

Posted by Commodity Updates by Epic Research on 11:36:00 with No comments


Gold trading range for the day is 33041-33581.

Gold rose after weak U.S. economic data compounded concern over a global slowdown and dialled down the chances of the Fed raising interest rates this year.

Prices also seen supported after weak U.S. retail sales data, along with soft inflation numbers.

A rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres.

India's January gold imports rose 38.2% to $2.31bln


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