EPIC RESEARCH MCX GOLD UPDATE OF 5 MAY 2016

Posted by Farhan Khan on 11:49:00 with No comments
Gold trading range for the day is 29742-30438. 
Gold dropped as the greenback moved higher in anticipation of US labor market data.
Data showed that the U.S. services sector expanded in April as new orders and employment accelerated, bolstering views that economic growth would rebound.
Gold imports fell sharply by 67.33% to 19.6 tonnes in Apr'16 as jeweler’s strike opposing excise duty significantly hit demand for the metal.

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