EPIC RESEARCH MCX GOLD UPDATE OF 11 MAY 2016

Posted by Farhan Khan on 12:03:00 with No comments
Gold trading range for the day is 29494-30008. 
Gold dropped as the dollar remained strong, curbing appetite for the precious metal.
Bullion seen under pressure, failing to fully benefit from data last week showing that the U.S. economy added the fewest jobs in seven months in April.
SPDR gold trust holdings gained by 0.28% i.e. 2.38 tonnes to 839.25 tonnes from 836.87 tonnes.

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