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Monday 3 September 2018

EPIC RESEARCH MCX Gold UPDATE OF 03 September 2018

Gold trading range for the day is 29950-30448.

* Gold dropped as the dollar steadied and investors grew jittery about an escalation in the U.S.-China trade dispute after fresh threats by U.S. President Donald Trump.

* US President Trump is prepared to ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports.

* Physical gold demand in India was moderate in the week amid an improvement in retail purchases before the festival season despite an increase in domestic prices.

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