Wednesday 3 February 2016

EPIC RESEARCH MCX GOLD UPDATE OF 03 FEBRUARY 2016

Gold trading range for the day is 26778-27180.
Gold settled flat as prices still supported as global growth concerns and a further drop in the oil price pushed investors towards safe-haven assets.
Weak U.S. manufacturing data added to speculation the Federal Reserve may slow any planned interest rate hikes.
Reflecting growing confidence in gold, holdings of SPDR Gold Trust rose to 21.9 million ounces on Monday, the most since Nov. 3.
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