EPIC RESEARCH MCX GOLD UPDATE OF 14 DECEMBER 2016

Gold trading range for the day is 27380-27726. Gold dipped slightly ahead of key two-day meeting of U.S. Fed that is expected to deliver the second interest rate rise in a decade. Fed’s Charles Evans said that it was “still early to have a good idea of what fiscal policies and other events are going to mean.” Reflecting lacklustre sentiment, holdings of the SPDR Gold Trust, holdings are down over 9 pct since November.

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