Tuesday, 4 July 2017

EPIC RESEARCH MCX GOLD UPDATE OF 04 JULY 2017

Gold trading range for the day is 27837-28545. Gold slid as the dollar pared losses and 10-year U.S. Treasury yields climbed, weighing on appetite for non-interest bearing bullion. U.S. consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion. Hedge funds and money managers reduced their net long positions in COMEX gold for the third straight week in the week to June 27, U.S. CFTC data showed.

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