EPIC RESEARCH MCX GOLD UPDATE OF 25 MAY 2017

Gold trading range for the day is 28591-28821.Gold remained under pressure as investors awaited cues on the U.S. Federal Reserve's rate hike stance from the minutes of its last meeting.Fed policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary.WGC is making a case for a low tax structure for gold under the GST regime to ensure better transparency in the trade and to boost demand.

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