EPIC RESEARCH MCX Gold UPDATE OF 7 March 2019

Gold trading range for the day is 31612-32466.

* Gold dropped as a firm dollar and improved appetite for riskier assets dented the appeal of bullion.

* China lowered its GDP growth target for 2019 to 6% to 6.5% amid its unresolved trade spat with the U.S., which underpinned the U.S. dollar.

* Investors awaited fresh directional cues from U.S.-China trade negotiations and a weaker stocks capped broader gains, while robust U.S. economic data supported the dollar.


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