Wednesday, 7 June 2017

EPIC RESEARCH MCX GOLD UPDATE OF 07 JUNE 2017

Gold trading range for the day is 29172-29782.Gold touched its highest in near seven weeks as stock markets and the dollar weakened ahead of a UK national election and a ECB meeting due later this week.Reduced expectations for aggressive U.S. rate hikes from the Federal Reserve in the second half of this year further boosted the appeal of the yellow metal.ECB policymakers are set to take a more benign view of the economy and will even discuss dropping some of their pledges to ramp up stimulus if needed.

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