EPIC RESEARCH MCX GOLD UPDATE OF 17 AUGUST 2016

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Gold trading range for the day is 31110-31746. Gold rose as the dollar slipped on lower expectations of a U.S. Federal Reserve interest rate hike this year due to mixed macro-economic signals in US. New York Fed President William Dudley said a rate hike in September was possible. SPDR gold trust holdings gained by 0.19% i.e. 1.78 tonnes to 962.23 tonnes from 960.45 tonnes.


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