EPIC RESEARCH MCX GOLD UPDATE OF 27 JULY 2017

Gold trading range for the day is 28265-28463. Gold traded in range as the dollar firmed above multi-month lows, with investors waiting for clues on the U.S. Federal Reserve's meeting. The Fed kept interest rates unchanged and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. Holdings at the SPDR Gold Trust fell 0.63 percent to 795.42 tonnes on Wednesday from 800.45 tonnes on Tuesday.




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