EPIC RESEARCH MCX GOLD UPDATE OF 27 OCTOBER 2017

Gold trading range for the day is 29099-29555. Gold dropped as pressure seen after the dollar gained after the European Central Bank extended its bond buying programme. The ECB said it would cut asset purchases to 30 billion euro from 60 billion euros starting January while also extending the scheme by 9 months to September. China’s net gold imports via main conduit Hong Kong slipped about 8.5 percent month-on-month in September to the lowest level in over three years.

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