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Thursday, 26 April 2018

EPIC RESEARCH MCX GOLD UPDATE OF 26 APRIL 2018

Gold trading range for the day is 31287-31489. Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict. The benchmark U.S. 10-year Treasury yield breached 3 percent as jitters about growing federal borrowing spurred selling of U.S. government bonds. The dollar was boosted by rising U.S. yields and the prospect of a faster pace of rate hikes by the Federal Reserve this year.

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