EPIC RESEARCH MCX GOLD UPDATE OF 25 OCTOBER 2016
Posted by investment adviser on 10:32:00 with No comments
Gold trading range for the day is 29624-29974.
Gold prices slipped as the dollar strengthened on growing speculation that the U.S. Federal Reserve would hike interest rates in December.
Recent positive economic data and comments from central bank officials have bolstered expectations of a rate hike.
Hedge funds and money managers cut their net long positions in COMEX gold for the third straight week in the week to Oct. 18.
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