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Thursday, 21 April 2016

EPIC RESEARCH MCX GOLD UPDATE OF 21 APRIL 2016

Gold trading range for the day is 29054-29550. 
Gold prices settled flat as the US dollar regained its footing ahead of the European Central Bank (ECB) meeting.           
Demand for the metal was also underpinned by the view that the Federal Reserve is likely to stick to a cautious approach on future interest rates increases.        
Bullion traders will be eyeing the ECB meeting later in the session for any impact on the dollar.

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