EPIC RESEARCH MCX GOLD UPDATE OF 03 NOVEMBER 2017

Gold trading range for the day is 29101-29441. Gold prices pared gains after Republicans in the U.S. House of Representatives unveiled legislation to overhaul the U.S. tax system. Fed left interest rates unchanged, as expected, but further added to expectations for a December rate hike by highlighting "solid" economic growth and a strengthening labor market. Investors also focused their attention on the nomination of a new U.S. Federal Reserve chair, who could influence the pace of future interest rate increases.









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