Friday, 4 August 2017

EPIC RESEARCH MCX GOLD UPDATE OF 04 AUGUST 2017

Gold trading range for the day is 28283-28739.Gold settled flat as investors looked ahead to a key batch of U.S. economic data to gauge how it will impact the Federal Reserve's view on monetary policy.Gold has been well-supported in recent weeks as fading expectations for a third Fed rate hike this year combined with deepening political turmoil in the White House.Investors were turning their attention to upcoming U.S. economic data for fresh clues on the timing of the Fed's balance sheet reduction.

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