EPIC RESEARCH MCX GOLD UPDATE OF 16 MAY 2017

Gold trading range for the day is 27879-28199.Gold prices inched up as weaker-than-expected economic data from the US and a missile test by North Korea over the weekend pressured the dollar.Geopolitical concerns resurfaced after North Korea confirmed that it had carried out a missile test on Sunday.The New York Fed said its barometer on business activity in New York state unexpectedly fell in May, sinking into negative territory for the first time since October.

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