EPIC RESEARCH MCX GOLD UPDATE OF 11 JULY 2017

Posted by aditi on 11:58:00 with No comments
Gold trading range for the day is 27522-27956. Gold prices edged up after nearing technical support and as traders awaited signals from central banks on interest rate hikes. Pressure continues from Friday after upbeat monthly data on U.S. jobs supported expectations for at least one more rate hike from the Federal Reserve this year. The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs of risk in financial markets.

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