EPIC RESEARCH MCX GOLD UPDATE OF 6 DECEMBER 2016

Posted by aditi on 11:26:00 with No comments
Gold trading range for the day is 27606-28394. Gold fell after Italian Prime Minister Matteo Renzi conceded defeat in a referendum over his plan to reform the constitution. While the referendum has raised concerns over Italy’s future in the euro-region, the nation’s political and legal system means a “no” vote is unlikely to trigger a quick exit. Speculators reduced their net long position in gold futures and options by 17,843 lots to 103,392 lots, the lowest since February, CFTC data showed.


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