EPIC RESEARCH MCX GOLD UPDATE OF 30 MAY 2016

Posted by Farhan Khan on 12:22:00 with No comments
Gold trading range for the day is 28358-28960. 
Gold prices dropped after Fed Chair Janet Yellen indicated the U.S. central bank could raise interest rates within months if the economy continues to improve. 
Pressure seen on prices after minutes of the Fed's policy meeting indicated last week that a rate hike may be on the cards sooner rather than later.            
Gold demand in Asia remained soft this week, with discounts in India widening to the highest in 1-1/2 months, as a recent slide in prices failed to lure buyers.


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