Monday, 15 April 2019

Gold Gained Receiving Support From Increased Buying By Central Banks

Gold trading range for the day is 31707-32057.

Gold gained receiving support from increased buying by central banks and a dovish view from the European Central Bank as well as minutes from the U.S. Fed.

Data showed weekly U.S. jobless claims fell to the lowest in nearly half a century and producer prices increased the most in five months in March.

Physical gold demand in India was robust in the week as retail buyers and jewellers took advantage of a dip in domestic prices to stock up for the wedding season.

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