Thursday, 13 July 2017

EPIC RESEARCH MCX GOLD UPDATE OF 13 JULY 2017

Gold trading range for the day is 27702-28052.Gold rose after comments from Federal Reserve Chair Janet Yellen curbed speculation that U.S. interest rates would rise more than once this year. Fed's Yellen said the Fed would not need to lift rates all that much further to reach current low estimates of the neutral fed funds rate. Fed Governor Lael Brainard suggested her support for any future rate increases will depend in part on how inflation shapes up.

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