EPIC RESEARCH MCX GOLD UPDATE OF 02 FEBRUARY 2017

Posted by aditi on 10:53:00 with No comments
Gold trading range for the day is 28357-29129. Gold dropped as the dollar strengthened ahead of an interest rate decision by Fed which is expected to provide clues on monetary policy this year. The Fed kept interest rates unchanged in its first meeting since President Donald Trump took office. The Fed could hike interest rates as many as four times this year, a move that markets are not sufficiently anticipating.

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