EPIC RESEARCH MCX Gold UPDATE OF 15 April 2019

Posted by Commodity Updates by Epic Research on 11:02:00 with No comments

Gold trading range for the day is 31707-32057.

Gold gained receiving support from increased buying by central banks and a dovish view from the European Central Bank as well as minutes from the U.S. Fed.

Data showed weekly U.S. jobless claims fell to the lowest in nearly half a century and producer prices increased the most in five months in March.

Physical gold demand in India was robust in the week as retail buyers and jewellers took advantage of a dip in domestic prices to stock up for the wedding season.

Hedge funds and money managers increased their bullish wagers in COMEX gold in the week to April 9, the U.S. CFTC said.


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