Monday, 17 October 2016

EPIC RESEARCH MCX GOLD UPDATE OF 17 Oct 2016



Gold trading range for the day is 29349-29879.
Gold fell as the dollar rose after U.S. economic data came in within expectations cementing assumptions of an interest rate increase by the Federal Reserve by year-end.
Federal Reserve Chair Janet Yellen gave a broad review of where the U.S. economic recovery may still fall short.
SPDR gold trust holdings gained by 0.40% i.e. 3.86 tonnes to 965.43 tonnes from 961.57 tonnes.



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