Gold trading range for the day is 26607-27607. Gold prices fell as Fed said it may need to hike rates three times in 2017 as it made a widely expected nudge up in its policy rate. Federal Reserve provided guidance of as many as three increases next year, with investors focused on plans by Trump to cut taxes SPDR gold trust holdings dropped by 0.84 i.e. 7.11 tonnes to 842.33 tonnes from 849.44 tonnes.
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