EPIC RESEARCH MCX GOLD UPDATE OF 19 AUGUST 2016

Posted by Anmol Shah on 11:40:00 with No comments


Gold trading range for the day is 31287-31613. Gold rose buoyed by a weaker dollar after minutes of Fed’s July meeting showed policymakers were divided over whether to raise interest rates soon. Fed’s Williams joined a growing chorus of his colleagues signalling support for a U.S. interest rate hike in coming months SPDR gold trust holdings dropped by 0.19% i.e. 1.79 tonnes to 955.99 tonnes from 957.78 tonnes. 
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