Monday, 7 August 2017

EPIC RESEARCH MCX GOLD UPDATE OF 07 AUGUST 2017

Gold trading range for the day is 28149-28759. Gold fell after better than expected U.S. jobs data boosted the beleaguered dollar. Limiting losses in gold was escalating political turmoil in Washington which has cooled expectations for growth and inflation. SPDR Gold Trust, saw its holdings drop more than 7 percent in July, as investors dumped bullion for other assets and led it to its biggest monthly decline since April 2013.

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