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Friday, 21 September 2018

EPIC RESEARCH MCX Gold UPDATE OF 21 September 2018

Gold trading range for the day is 30502-30718.

Gold prices traded in range following news that China would retaliate against a new round of U.S. tariffs on its goods. U.S. Treasuries also rose.

The dollar slipped after Beijing announced on Tuesday retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion.

India should not tamper with its gold import duty or impose other restrictions to support the rupee, the World Gold Council said.

Investors trimmed their net short positions in Comex gold and silver in the week to Sept. 11, U.S. data showed.

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