EPIC RESEARCH MCX GOLD UPDATE OF 15 JULY 2016

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Gold trading range for the day is 30496-31410.  
Gold dropped as global equities stayed in positive territory after the Bank of England (BoE) surprised investors by leaving interest rates unchanged.          
Fed’s Marker said that the central bank would likely opt for a "fairly shallow" series of U.S. interest rate hikes.              
Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.25 percent to 962.85 tonnes on Thursday.

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