EPIC RESEARCH MCX GOLD UPDATE OF 11 MAY 2017

Gold trading range for the day is 27862-28212. Gold settled flat after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington. Rekindled fears that North Korea could be gearing up for another weapons test also supported gold. The Federal Reserve should hike interest rates three more times this year and at the same time start shedding its bond holdings, a Fed policymaker said.

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