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Monday 16 May 2016

EPIC RESEARCH MCX GOLD UPDATE OF 16 MAY 2016

Gold trading range for the day is 29633-30269. 
Gold gained buoyed by weak equity markets and chart-based strength, as it shrugged off a higher dollar.         
Global demand for gold soared markedly during the first three months of the year, the wgc said, saying that it was the strongest first quarter on record.           
SPDR gold trust holdings gained by 0.70% i.e. 5.94 tonnes to 851.13 tonnes from 845.19 tonnes.

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