Wednesday 23 January 2019

Gold Bounced Back As Mounting Concerns Of An Economic

Gold trading range for the day is 31867-32341.

Gold bounced back as mounting concerns of an economic slowdown exacerbated by a cut in the IMFs global growth forecast drove investors to the safety of bullion.

Fed officials have left little doubt that they want to stop raising interest rates, at least for a while.

China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest level in nearly three decades.

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