EPIC RESEARCH MCX GOLD UPDATE OF 13 JULY 2016

On Tuesday, spot gold prices declined by 1.74 percent to close at $1331.3 per ounce as prices saw its biggest one-day fall in three weeks. Global equities rallied on easing political uncertainty in Britain and hopes for more economic stimulus, which in turn curbed demand for assets perceived as safe havens. Japan's ruling coalition fanned expectations of more fiscal stimulus, while the Bank of England could cut rates as soon as Thursday following its monthly policy meeting.

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