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Monday 23 July 2018

EPIC RESEARCH MCX GOLD UPDATE OF 23 JULY 2018

Gold trading range for the day is 29644-30098. Gold prices rose after U.S. President Donald Trump criticized the strength of the dollar and interest rate increases by the Federal Reserve, pushing the greenback sharply lower. Demand for gold is expected to rise during the second half of 2018, as inflation potentially rises and a global trade war may impact currencies, the World Gold Council said. Switzerland's gold exports rose for a second month in June as shipments to China jumped to the highest in four months, data from the Swiss customs bureau showed.

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