EPIC RESEARCH MCX Gold UPDATE OF 27 September 2018

Posted by Commodity Updates by Epic Research on 11:37:00 with No comments
Gold trading range for the day is 30414-30900.

* Gold prices fell as the dollar strengthened ahead of the results of a Federal Reserve meeting

* The dollar steadied as the small boost it received from the Fed interest rate hike faded, with a decline in U.S. Treasury yields reducing support for the greenback.

* Fed raised interest rates and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth.

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