DOLLAR ADVISORY MCX GOLD UPDATE OF 18 Nov 2016

Gold trading range for the day is 28905-29503. Gold eased after strong U.S. economic data and comments by U.S. Fed’s Janet Yellen further bolstered the case for hiking rates next month. The Federal Reserve could raise U.S. interest rates "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation. SPDR Gold Trust said its holdings fell 0.61 percent to 920.63 tonnes on Thursday from 926.26 tonnes on Wednesday.

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