EPIC RESEARCH MCX Gold UPDATE OF 16 April 2019

Gold trading range for the day is 31609-31997.

Gold settled flat as progress in U.S.-China trade talks lifted risk sentiment, taking the sheen off safe-haven bullion even as the dollar weakened.

U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap.

Dealers were charging a premium of up to $2.50 an ounce over official domestic prices, the highest in nearly five months.

Hedge funds and money managers increased their bullish wagers in COMEX gold in the week to April 9, the U.S. Commodity Futures Trading Commission (CFTC) 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+