EPIC RESEARCH MCX GOLD UPDATE OF 22 MAY 2017

Gold trading range for the day is 28395-28905. Gold prices edged lower as investors locked in profits from the precious metal’s recent climb amid ongoing concerns over political turmoil in Washington. Prices ended with gains on weekly basis as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal.Gold demand in Asia was mostly subdued this week as buyers stayed on the sidelines due to a rebound in bullion prices.



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