Wednesday, 28 June 2017

EPIC RESEARCH MCX GOLD UPDATE OF 28 JUNE 2017

Gold trading range for the day is 28383-28733.Gold gained as bargain hunting set in and the dollar slid sharply after the U.S. Senate postponed a planned healthcare vote. Fed’s Yellen said she was sticking to the plan to raise interest rates gradually and that inflation has continued to run below the Fed's objectives. The dollar slid after the ECB's Draghi opened the door to steps that might begin to reduce the central bank's stimulus.

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