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Wednesday, 8 March 2017

EPIC RESEARCH MCX GOLD UPDATE OF 08 MARCH 2017

On Tuesday, spot gold prices declined by 0.8 percent to close at $1215.6 per ounce as prices hit the lowest level in more than four weeks. Besides, the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of U.S. payroll data this week. The precious metal has fallen in five out of the last six sessions as expectations for the Federal Reserve to push ahead with a U.S. rate increase this month ramped up. On the MCX, gold prices declined by 0.67 percent to close at Rs.28751 per 10 gms.



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