Friday, 6 January 2017

EPIC RESEARCH MCX GOLD UPDATE OF 6 JANUARY 2017


Gold trading range for the day is 27711-28097. Gold prices rallied as U.S. dollar stepped further away from a 14-year peak following the release of commentary from the Federal Reserve. Minutes from the Fed's December policy meeting showed most officials thought the U.S. economy could grow more quickly because of tax cuts and infrastructure spending. Buying from China, the biggest consumer of the yellow metal, is also supporting the recent rally.



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