EPIC RESEARCH MCX GOLD UPDATE OF 28 JULY 2017

Gold trading range for the day is 28243-28723. Gold gains as investors continue to pile into the precious metal amid expectations that Fed could keep interest rates low for longer than initially anticipated. "Fed kept interest rates unchanged but expected to start winding down its massive holdings of bonds "relatively soon." Physical gold demand globally rose to 1,895 tonnes in the first half of 2017, up 17 percent from the same period last year.

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