EPIC RESEARCH MCX GOLD UPDATE OF 1 JUNE 2016

Posted by Farhan Khan on 11:39:00 with No comments
Gold trading range for the day is 28697-29103. 
Gold gained but remained on track for its biggest monthly decline since November on dollar strength and growing expectations of an imminent U.S. interest rate hike.    
U.S. consumer spending rose by the most in more than six years in April as households stepped up purchases in economic growth.              
Gold has been under pressure since release of the minutes from the Federal Reserve's April meeting boosted expectations of an imminent rate rise.


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