EPIC RESEARCH MCX GOLD UPDATE OF 17 AUGUST 2017

Gold trading range for the day is 28737-29077.Gold dropped as investors looked ahead to minutes of the Federal Reserve’s latest policy meeting for further hints on the timing of the next U.S. rate hike.Fed policymakers appeared increasingly wary about recent weak inflation data and some called for a halt to further rate hikes until it was clear the trend was transitory. Easing geopolitical tensions between North Korea and the U.S. also undercut haven demand for the precious metal.

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