EPIC RESEARCH MCX GOLD UPDATE OF 6 MAY 2016

Posted by Farhan Khan on 11:22:00 with No comments
Gold trading range for the day is 29659-30299. 
Gold fell as the dollar rebounded on optimism the U.S. economy could bounce back after nearly stalling in the first quarter.             
The Fed raised rates for the first time in a decade in December from near zero but has since stood pat, in part because of global economic uncertainty.  
SPDR gold trust holdings gained by 0.47% i.e. 3.90 tonnes to 829.44 tonnes from 825.54 tonnes.

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