EPIC RESEARCH MCX GOLD UPDATE OF 12 JANUARY 2017

Gold trading range for the day is 27979-28505. Gold edged higher as the dollar weakened after Donald Trump provided little clarity on future fiscal policies. Bargain buying in the cash market and short sellers in the futures market liquidating their positions are lifting bullion Today the Labor Department's import prices report is expected to show prices rising 0.7 percent in December.

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