EPIC RESEARCH MCX GOLD UPDATE OF 19 APRIL 2018

Gold trading range for the day is 31172-31772. Gold prices gained as the dollar held near three-week lows even as risk appetite lifted stocks. Recent U.S. economic data and Federal Reserve speakers have continued to point to two or three more rate hikes this year. Demand for physical gold was lower-than-usual during a key festival in the world’s second biggest consumer India as local prices peaked and a cash crunch curbed retail spending.

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