EPIC RESEARCH MCX GOLD UPDATE OF 3 FEBRUARY 2017

Gold trading range for the day is 28670-29160. Gold edged up as support seen with tensions between Iran and the U.S, over a ballistic missile test by Tehran this week Fed painted a relatively upbeat picture of the economy, noting that job gains remained solid, inflation had increased and economic confidence was rising. Bank of England made its latest sharp increase to forecasts for British economic growth in 2017, but appeared in no rush to raise interest rates.

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