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Friday, 3 March 2017

EPIC RESEARCH MCX GOLD UPDATE OF 03 MARCH 2017

Gold prices were on track for their weakest session since December on Thursday, buoyed by a firm dollar and rising U.S. rate hike expectations in March following buoyant U.S. economic data and hawkish comments from Federal Reserve governors. Gold took a hit after data on Thursday showed U.S. jobless claims fell to a 44-year low. Labor tightness, combined with rising inflation, could encourage the Federal Reserve to raise interest rates at its March 14-15 policy meeting. Fed Chair Janet Yellen and Vice Chairman Stanley Fischer will speak on Friday, likely providing further signals on the U.S. central bank's policy path.

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