Wednesday, 14 February 2018

EPIC RESEARCH MCX GOLD UPDATE OF 14 FEBRUARY 2018

Gold trading range for the day is 30042-30338. Gold prices rose as the U.S. dollar slipped and markets anticipated the release of impending U.S. inflation. Last week, the dollar was supported by increased safe haven demand from investors amid dramatic moves in the equities and bond markets. Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India.

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