EPIC RESEARCH MCX GOLD UPDATE OF 2 JANUARY 2017

Gold trading range for the day is 27287-27713. Gold snapped a three-year losing streak with prices rising 10% in 2016, but the metal ended the year under a cloud of relentless selling. There are signs inflation is ticking higher, with price gains potentially supportive of bullion as a hedge. SPDR gold trust holdings dropped by 0.14% i.e. 1.19 tonnes to 822.17 tonnes from 823.36 tonnes.




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