Thursday, 27 October 2016

EPIC RESEARCH MCX GOLD UPDATE OF 27 Oct 2016

Gold trading range for the day is 29681-30077.
Gold prices inched down as the U.S. dollar steadied, but underlying demand for bullion was seen as robust ahead of major festivals in India.
Bank of England Governor Mark Carney cast doubt on expectations for more monetary stimulus.
SPDR gold trust holdings dropped by 1.49% i.e. 14.24 tonnes to 942.59 tonnes from 956.83 tonnes.
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