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Wednesday 17 October 2018

EPIC RESEARCH MCX Gold UPDATE OF 17 October 2018



Gold trading range for the day is 31651-32269.

* Gold dropped as firmness in Rupee weighed despite price seen supported as risk-averse investors sought refuge amid rising political tensions and economic uncertainty.

* Prices recently seen supported amid rising tensions between Western powers and Saudi Arabia and concerns over the pace of global economic growth.

* U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.


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