EPIC RESEARCH MCX GOLD UPDATE OF 28 FEBRUARY 2017

Gold trading range for the day is 29435-29923. Gold settled with gain's but confined to relatively narrow ranges, underlying caution ahead of key economic and political events. Investors are looking towards Trump's policy speech where he is expected to provide clues on his plans to cut taxes. The latest COT data recorded an increase in non-commercial, long gold positions to 123,763 in the latest week.



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