EPIC RESEARCH MCX GOLD UPDATE OF 30 JANUARY 2017

Gold trading range for the day is 27976-28572. Gold prices recovered from losses but ended the week with losses as strength in the dollar and recent all-time highs in major U.S. stock indexes dulled demand. Gold buying from China stopped ahead of its week-long holiday to celebrate the Lunar New Year. Gold found itself exposed to painful losses after the renewed investor risk appetite from the Trump effect.

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