EPIC RESEARCH MCX GOLD UPDATE OF 25 OCTOBER 2017

Gold trading range for the day is 29420-29634. Gold prices slipped pressured by a firmer dollar amid speculation over who will be the next U.S. Federal Reserve chief. The dollar got a lift following a report Republican senators were leaning towards John Taylor to be the next head of the Fed. Investor expectations for long-term inflation in the euro zone rose to a seven-month high, an encouraging sign for the European Central Bank.

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