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Friday 4 May 2018

EPIC RESEARCH MCX GOLD UPDATE OF 4 MAY 2018

Gold trading range for the day is 30771-31259. Gold prices gained after the U.S. central bank reassured investors that increases to interest rates would be gradual and as the U.S. dollar softened. Investors are awaiting U.S. jobs data expected for a sense of economic performance that could help influence the Fed’s pace of increasing interest rates. Indian gold demand may improve through to December as positive monsoon rains and government efforts to raise farmer incomes could boost rural purchases, WGC said.

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