EPIC RESEARCH MCX GOLD UPDATE OF 29 SEPTEMBER 2017

Gold trading range for the day is 29441-29769. Gold prices recovered some of its as the dollar turned lower and ushered in short-covering. Bullion was earlier pressured on proposed U.S. tax reforms and strong economic data that supported the case for another U.S. interest rate hike this year. The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years.

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