EPIC RESEARCH MCX GOLD UPDATE OF 15 MAY 2018

Gold trading range for the day is 31294-31684. Gold slipped as the U.S. dollar strengthened and precious metals prices remained within a tight range as investors awaited key U.S. data. Fed’s Bullard spelled out the case against any further interest rate increases, saying rates may already have reached a “neutral” level that is no longer stimulating the economy. Gold prices are likely drawing some support from an ongoing rift between US and Iran, investors said easing U.S.- China trade concerns could add downside risks to prices.

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