EPIC RESEARCH MCX GOLD UPDATE OF 25 JULY 2016

Gold trading range for the day is 30677-31077.  
Gold prices dropped reflecting tension between a global backdrop of easier interest rates and the chance of U.S. monetary policy being tightened.          
The U.S. Federal Reserve may wait until the fourth quarter before raising interest rates, probably in December after the presidential election.  
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22 percent to 963.14 tonnes.


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