EPIC RESEARCH MCX GOLD UPDATE OF 12 MAY 2017

Gold trading range for the day is 27849-28171. Gold prices gained amid political turmoil in Washington, after President Trump unexpectedly fired FBI chief James Comey. However gains were capped by better than expected producer inflation and labor market data. Fed’s Dudley said the U.S. central bank will normalise its balance sheet in a "very careful way", while leaving "sufficient" excess reserves in the financial system.




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