EPIC RESEARCH MCX GOLD UPDATE OF 02 JUNE 2017

Gold trading range for the day is 28785-29113.Gold prices dropped as expectations that the US Federal Reserve will hike interest rates this month weighed on pricesPositive payroll data from the United States could mean the Fed will raise rates as expected at its June 13-14 meetingSupport can be seen as Italy could call an early election and the UK election, combined with the approaching start of Brexit negotiations.

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