EPIC RESEARCH MCX GOLD UPDATE OF 23 AUGUST 2016

Gold trading range for the day is 31135-31517. Gold dropped as the U.S. dollar rallied amid indications the Federal Reserve could raise interest rates as early as next month. Fed vice chairman Stanley Fischer said that the U.S. economy was close to hitting the central bank's targets for full employment and 2% inflation. SPDR gold trust holdings gained by 0.25% i.e. 2.38 tonnes to 958.37 tonnes from 955.99 tonnes.   
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