EPIC RESEARCH MCX GOLD UPDATE OF 18 DECEMBER 2017

Gold trading range for the day is 28092-28480.Gold prices remained under pressure as gains were capped by a rise in the dollar amid growing investor optimism on tax reform.
The Federal Reserve Board voted to raise the discount rate to 2.00 percent supported by 9 regional members.Gold demand in most Asian centres firmed, spurred on by a dip in prices although buyers in India held off buying in the hope of further falls.



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