Monday, 10 July 2017

EPIC RESEARCH MCX GOLD UPDATE OF 10 JULY 2017

Gold trading range for the day is 27481-28269. Gold fell to the lowest in nearly four months after stronger than expected US jobs data increased the likelihood of another U.S. interest rate increase. U.S. non farm payrolls jumped by 222,000 jobs last month, the Labor Department said, beating expectations of a 179,000 gain. SPDR gold trust holdings dropped by 0.63% i.e. 5.32 tonnes to 835.35 tonnes from 840.67 tonnes.

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