EPIC RESEARCH MCX GOLD UPDATE OF 22 DECEMBER 2016

Posted by aditi on 11:24:00 with No comments
Gold trading range for the day is 26821-27291. Gold prices remained under pressure as a firm U.S. dollar and the possibility of further U.S. interest rate hikes next year continued to weigh. The Fed, which raised interest rates last week, signalled three more increases next year. SPDR gold trust holdings dropped by 0.43% i.e. 3.56 tonnes to 824.54 tonnes from 828.10 tonnes.

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