EPIC RESEARCH MCX GOLD UPDATE OF 15 MAY 2017

Gold trading range for the day is 27878-28192.Gold prices traded in range as the sudden sacking of the FBI head in US stoked investor concerns even as the dollar headed for its strongest week this year.But capping gains in gold are expectations that the U.S. Federal Reserve will increase interest rates in June.In a speech, Philadelphia Fed President Patrick Harker said he continues “to see two more rate hikes as appropriate this year.”

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