TODAY GOLD NEWS UPDATE ( WWW.TRADEMAXINDIA.COM)

Last week, Spot Gold prices rose marginally by 0.3 percent to close at $1292.05 per tonne. While on the MCX prices rose 1.15% to close at Rs.32012 per 10gms. Prices started to rise after US and China resumed their trade talks to end the tariff dispute. However, global rebound in equities after dovish remarks from FED pointed towards an improved risk appetite amongst investors might reduce demand for the yellow metal. FED Chairman, Jerome Powell further confirmed slowdown in the rate hike in 2019

 

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