Tuesday 17 May 2016

EPIC RESEARCH MCX GOLD UPDATE OF 17 MAY 2016

11:27:00

Gold trading range for the day is 29696-30410.
Gold ended with small losses as the safe-haven metal's gains were limited by a firmer dollar.
Gold gained around 20% this year after weak economic data in the United States and elsewhere eased expectations of a near-term increase in U.S. interest rates.
Still, stronger-than-expected U.S. economic data last week renewed expectations the Federal Reserve will hike rates more than once this year, capping gains
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