EPIC RESEARCH MCX GOLD UPDATE OF 09 DECEMBER 2016

Posted by aditi on 11:22:00 with No comments

Gold trading range for the day is 27644-27990. Gold dropped after the dollar rebounded on the back of a decision by the ECB to extend monthly asset purchases until next December. Investors gave the extension more weight than the ECB's unexpected decision to cut its asset buying to 60 billion euros a month from next April. SPDR gold trust holdings dropped by 0.34% i.e. 2.96 tonnes to 860.71 tonnes from 863.67 tonnes.

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