EPIC RESEARCH MCX GOLD UPDATE OF 22 AUGUST 2016

Posted by Anmol Shah on 12:10:00 with No comments


Gold trading range for the day is 31207-31591.    Gold dropped after trading in tight trade as hawkish comments from U.S. Federal Reserve officials renewed bets on a U.S. rate hike this year.           New York Fed President William Dudley reinforced his confidence in a possible rate hike for a second time in the week.                 Physical gold demand in Asia improved modestly this week as consumers returned to the market ahead of upcoming festivals in India and China. -
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