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Thursday, 19 May 2016

EPIC RESEARCH MCX GOLD UPDATE OF 19 MAY 2016

Gold trading range for the day is 29844-30188. 
Gold remained under pressure after strong U.S. economic data and comments from Fed officials bolstered expectations that Fed could soon hike interest rates.              
A Fed policymaker said, he will push for an interest rate hike in June or July, and two others predict upto three rate increases this year.       
U.S. data showed that consumer prices recorded their biggest increase in more than three years in April.   

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