EPIC RESEARCH MCX Gold UPDATE OF 5 February 2019

Gold trading range for the day is 33181-33789.

Gold settled flat as risk aversion waned with the progress in U.S.-China trade talks, while a firm dollar kept the bullion under pressure.

Despite signs of a robust economy, the Fed is widely expected to keep rates steady this year, thanks to heightened worries over global growth.

Demand for physical gold gathered pace in top consumer China ahead of the Lunar New Year holiday, while activity was muted in India.

Hedge funds and money managers raised their net long position in Comex gold in the week to Dec. 18, the U.S. Commodity Futures Trading Commission said.


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+