Tuesday, 8 August 2017

EPIC RESEARCH MCX GOLD UPDATE OF 08 AUGUST 2017

Gold trading range for the day is 28323-28555.Gold traded in range with the dollar remaining supported by expectations of monetary tightening in US following stronger-than-expected jobs data last week. Fed’s Bullard said that the Fed could leave interest rates where they are for now because inflation is not likely to rise much even if the U.S. job market continues to improve.China's gold reserves were unchanged at 59.24 million ounces in July, compared with the previous month, the central bank said.



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