EPIC RESEARCH MCX GOLD UPDATE OF 17 FEBRUARY 2017

Gold trading range for the day is 29058-29664. Gold prices rose to a one-week high as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal. Concern over U.S. President Donald Trump's policies and elections in the Netherlands, France and Germany this year have fuelled gold’s rise. Upbeat U.S. inflation and retail sales data on Wednesday reinforced expectations of a near-term rate hike by the Federal Reserve.

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