EPIC RESEARCH MCX GOLD UPDATE OF 5 JANUARY 2017

Gold trading range for the day is 27560-27876. Gold traded in the range while sentiments remain firm as dollar retreated from a 14-year peak touched earlier this week. Support will be seen as investors read the Fed minutes to suggest that a potential three rate hike forecast for this year. Gold imports to Turkey rose to 36.7 tonnes in December, up from 4.65 tonnes in the same period a year earlier.



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