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Monday, 20 March 2017

EPIC RESEARCH MCX GOLD UPDATE OF 20 MARCH 2017


Gold trading range for the day is 28336-28616. Gold gained as the dollar plumbed to fresh five-week lows after the U.S. central bank's signal of a slower pace of rate increases this year disappointed dollar bulls. The U.S. Federal Reserve delivered an interest rate increase as widely anticipated, but did not alter its earlier forecast for a total of three rate increases this year. Rutte's victory was hailed across Europe by governments facing a rising wave of nationalism, denting gold's safe-haven appeal.



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