EPIC RESEARCH MCX GOLD UPDATE OF 15 JUNE 2017

Gold trading range for the day is 28792-29206. Gold recovered from lows as support seen after data showed an unexpected month-on-month drop in U.S. consumer prices and retail sales. The Fed raised interest rates for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year. U.S. consumer prices unexpectedly fell in May and retail sales recorded their biggest drop in 16 months, suggesting a softening in domestic demand.



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