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Friday, 30 December 2016

EPIC RESEARCH MCX GOLD UPDATE OF 30 DECEMBER 2016

Gold trading range for the day is 27221-27759. Gold prices rose as U.S. bond yields declined on waning risk appetite, reducing the U.S. dollar's appeal. Bullion bounced back after hitting a 10-month low on Dec. 15 as solid U.S. economic data gave the Fed the confidence to raise interest rates. The U.S. central bank has signalled that it expected three more increases next year, up from a previous projection of two.


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