EPIC RESEARCH MCX GOLD UPDATE OF 14 JULY 2016

Posted by Farhan Khan on 11:54:00 with No comments

Gold trading range for the day is 31011-31451.  
Gold pushed higher bouncing off a two-week low as investors assessed the possibility of more monetary easing by global central banks.  
Stocks recovered as prospects of solid U.S. growth when investors' risk appetite damaged by uncertainty from Brexit.         Despite better-than-expected U.S. non-farm payrolls data, the Federal Reserve should be in no rush to raise interest rates.
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