EPIC RESEARCH MCX GOLD UPDATE OF 07 June 2018

Gold trading range for the day is 30724-31092.

Gold prices dropped as investor anticipation of a U.S. rate hike from the Federal Reserve next week weighed on prices.

The case for hiking U.S. interest rates next week was bolstered when data showed U.S. services sector activity accelerated in May and job openings rose to a record high in April.

Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.42 percent to 832.59 tonnes.


Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+