EPIC RESEARCH MCX GOLD UPDATE OF 11 JANUARY 2017

Gold trading range for the day is 27887-28389. Gold prices rose supported by earlier weakness in the dollar ahead of a news conference on Wednesday by U.S. President-elect Donald Trump. The market is looking for more clues on Trump's spending plans in the first speech since his shock election win in November. Minutes from the Fed’s December meeting unsettled investors’ expectations about the pace of future interest rate hikes.

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