Thursday, 13 October 2016

EPIC RESEARCH MCX GOLD UPDATE OF 13 Oct 2016

On Wednesday, spot gold prices rose marginally by 0.16 percent to close at $154.7 per ounce after minutes from the Federal Reserve's September meeting showed several voting policymakers judged an interest rate hike would be warranted "relatively soon" if the U.S. economy continued to improve.
The minutes of the Sept. 20-21 meeting, however, showed the depth of the divide on how much longer they should allow the labor market and inflation to improve before raising rates.On the MCX, gold prices declined marginally by 0.23 percent to close at $29651 per 10 gms.

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