EPIC RESEARCH MCX GOLD UPDATE OF 16 JANUARY 2018

Gold trading range for the day is 29531-29889.Gold prices gained with a holiday ahead in the US kept trade light and the market awaiting more signals on inflation this year. U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services. Underlying U.S. consumer prices recorded their largest increase in 11 months in December, bolstering expectations that inflation will accelerate this year.



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