EPIC RESEARCH MCX GOLD UPDATE OF 17 MARCH 2017

Gold trading range for the day is 28210-28640.Gold prices gained after the U.S. central bank signalled only gradual rate tightening and the dollar slid to its lowest in five weeks.The Fed raised interest rates for the second time in three months, with officials sticking to their outlook for two more rate hikes this year.Fed’s Yellen said that the central bank would stick to a gradual path of interest rate rises even if inflation runs above its 2 percent target.

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