EPIC RESEARCH MCX Gold UPDATE OF 3 April 2019

Gold trading range for the day is 31604-31916.

Gold prices slipped as waning global economic slowdown concerns lifted the dollar and equity markets.

Strong manufacturing data from the United States and China triggered a massive sell-off in the U.S. bond market.

China’s private business survey showed that the economy’s manufacturing sector unexpectedly returned to growth for the first time in four months in March.

Indicating investor sentiment for bullion, SPDR Gold Trust, fell 1.5 percent, its biggest one-day percentage decline in a month.


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