EPIC RESEARCH MCX GOLD UPDATE OF 09 JANUARY 2018

Gold trading range for the day is 29108-29376.Gold prices traded in range after the dollar firmed on expectations of further U.S. interest rate hikes this year . Investors reckoned non-farm payrolls would not deter the U.S. Federal Reserve from raising interest rates multiple times this year, though at a gradual pace.Hedge funds and money managers raised their net long positions in COMEX gold contracts, U.S. CFTC data showed.



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