EPIC RESEARCH MCX GOLD UPDATE OF 28 FEBRUARY 2018

Gold trading range for the day is 30054-30730. Gold prices dropped after the new U.S central bank chairman pledged to stick with gradual interest rate increases. Federal Reserve Chair Jerome Powell reiterated that the U.S. central bank would likely move forward with a gradual increase in interest rates. Powell promised to continue to strike a balance between avoiding an overheated economy and bringing inflation back near the Fed’s 2% target.







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