EPIC RESEARCH MCX GOLD UPDATE OF 29 DECEMBER 2017

Gold trading range for the day is 28832-29168. Gold extended a nine-day rally and hit a one-month high on a strong technical outlook and a U.S. dollar at a four-week low. Many investors predicted the dollar would get a boost from U.S. tax cuts, tighter central bank monetary policy and strong growth rates in 2017.Gold benefited from a technically-driven momentum after closing above its 100-day moving average on Wednesday for the first time since late November.






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