Monday, 19 June 2017

EPIC RESEARCH MCX GOLD UPDATE OF 19 JUNE 2017

Gold trading range for the day is 28597-28845.Gold prices dropped and ended the week with weakness in the wake of signals from the Federal Reserve for another increase to interest rates this year. Downbeat U.S. data, with construction for new houses down in May and a June drop in consumer sentiment, underpinned prices as well. Asia gold demand ticked up as global prices came off seven-month highs, while Indian buyers stayed on the sidelines waiting for further price drops.



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