EPIC RESEARCH MCX GOLD UPDATE OF 05 JULY 2017

Gold trading range for the day is 27994-28274. Gold prices rose boosted by haven demand after North Korea spooked investors by test-launching a long-range missile.Upbeat U.S. manufacturing data reinforced expectations for another rate hike by the Federal Reserve this year. A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country.

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