EPIC RESEARCH MCX GOLD UPDATE OF 09 MARCH 2017

Gold trading range for the day is 28468-28856. Gold prices extended losses as the dollar gathered strength on the prospect of a U.S. interest rate hike. Markets dramatically adjusted expectations for U.S. interest rate hikes this year following hawkish comments from several top Fed officials last week. The ECB is set to keep monetary policy on hold as it casts a cautious eye ahead to high-risk elections in the Netherlands and France.


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