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Tuesday, 26 April 2016

EPIC RESEARCH MCX GOLD UPDATE OF 26 APRIL 2016

Gold trading range for the day is 28967-29447. 
Gold ticked higher as the dollar gave back some of its recent gains, but caution ahead of the Fed meeting later this week curbed its advance.      
Fed is not expected to raise interest rates at this week's meeting but markets will be looking for the U.S. central bank's take on the global economy     
SPDR gold trust holdings dropped by 0.30% i.e. 2.38 tonnes to 802.65 tonnes from 805.03 tonnes.

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