EPIC RESEARCH MCX GOLD UPDATE OF 03 MAY 2017

Gold trading range for the day is 28502-28686.Gold dropped as demand for riskier assets drove stocks and U.S. treasury yields higher and the dollar hit a six-week peak against the yen.Pressure continues after U.S. lawmakers agreed on a spending package to avert a U.S. government shutdown.
U.S. Treasury Secretary Steven Mnuchin said that economic growth of 3% is achievable in the next two years as the Trump administration is planning to dramatically cut taxes.

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