EPIC RESEARCH MCX GOLD UPDATE OF 3 AUGUST 2016

Posted by Farhan Khan on 11:44:00 with No comments
Gold trading range for the day is 31337-32083.   
Gold rose as shares fell and the dollar hit its lowest in over a month after last week's soft U.S. growth data dented expectations for a near-term interest rate hike.               
The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, New York Fed President William Dudley said.        
SPDR gold trust holdings gained by 0.62% i.e. 5.94 tonnes to 969.97 tonnes from 964.03 tonnes.

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