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Tuesday 5 February 2019

EPIC RESEARCH MCX Gold UPDATE OF 5 February 2019


Gold trading range for the day is 33181-33789.

Gold settled flat as risk aversion waned with the progress in U.S.-China trade talks, while a firm dollar kept the bullion under pressure.

Despite signs of a robust economy, the Fed is widely expected to keep rates steady this year, thanks to heightened worries over global growth.

Demand for physical gold gathered pace in top consumer China ahead of the Lunar New Year holiday, while activity was muted in India.

Hedge funds and money managers raised their net long position in Comex gold in the week to Dec. 18, the U.S. Commodity Futures Trading Commission said.


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