EPIC RESEARCH MCX GOLD UPDATE OF 25 MAY 2016

Gold trading range for the day is 29009-29833. 
Gold slipped to a seven-week low as expectations of an early interest rate hike by the U.S. Federal Reserve pushed the dollar to a near two-month high.
Dollar gained after robust U.S. housing data supported the case for the Fed
to raise rates in the near term.      
Rate hikes by the US will be "good news" for the world because they will show its largest economy is in good health. ECB Vice President said on
Tuesday.              


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