EPIC RESEARCH MCX GOLD UPDATE OF 10 JANUARY 2017

Gold trading range for the day is 27752-28230. Gold gained as markets reassessed the outlook for the U.S. economy after Donald Trump is inaugurated as president later this month. Boston Federal Reserve President Eric Rosengren called for the U.S. central bank to step up its pace of interest rate increases SPDR gold trust holdings dropped by 1.06% i.e. 8.59 tonnes to 805.00 tonnes from 813.59 tonnes.

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