Monday, 25 June 2018

EPIC RESEARCH MCX GOLD UPDATE OF 25 June 2018

Gold trading range for the day is 30501-30711.

Gold prices traded in range and remained at six-month lows as trade tensions lingered.

Prices were also unable to capitalise on a modest uptick in safe haven demand in the wake of U.S. President Trump's threat to impose a 20% tariff imports from the EU.

Expectations for a fourth rate hike at the Fed's December meeting rose to nearly 50% from about 40% on Thursday.

Dealers in India were charging a premium of up to $1 an ounce over official domestic prices in the week, for the first time since the week of May 4.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000

No comments:

 
biz.