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Tuesday 26 June 2018

EPIC RESEARCH MCX GOLD UPDATE OF 26 JUNE 2018

Gold trading range for the day is 30555-30789. Gold prices edged lower pressured by a strong U.S. dollar amid prospects of higher interest rates, while global trade tensions kept prices buoyed above a six-month low hit. US President Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to Beijing. Speculators trimmed their net long position in COMEX gold to the weakest in 2-1/2 years in the week to June 19, data from CFTC showed.

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