Monday, 21 November 2016

DOLLAR ADVISORY MCX GOLD UPDATE OF 21 Nov 2016


Gold trading range for the day is 28712-29112. Gold dropped as the dollar surged to its highest in more than 13-1/2 years on expectations for a U.S. rate hike next month. Trump's election has done nothing to change the Fed's plans for a rate increase "relatively soon", Yellen said in Congressional testimony. SPDR Gold Trust, said its holdings fell 0.58 percent to 915.29 tonnes on Friday from 920.63 tonnes on Thursday.
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