EPIC RESEARCH MCX GOLD UPDATE OF 13 JUNE 2017

Gold trading range for the day is 28872-29110. Gold prices remained in range ahead of a two-day Fed policy meeting that could give clues on the pace of possible U.S interest rate hikes over the rest of the year.The focus is on whether the Fed thinks the U.S. economy is robust enough to withstand further rate increases through 2017.Hedge funds and money managers raised their net long position in COMEX gold for the third straight week to the highest in seven months, CFTC showed.

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