EPIC RESEARCH MCX GOLD UPDATE OF 5 DECEMBER 2016

Gold trading range for the day is 27860-28326. Gold edged higher shrugging off data showing rising U.S. job numbers, with an expected rise in interest rates had already been priced in. Several Federal Reserve policymakers have since expressed confidence in the U.S. economy and signalled a possible near-term interest rate hike. Gold premiums in China held near three-year highs amid limited supply of the precious metal with traders saying Beijing was restricting imports.




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