According to Achiievers Equities, Gold prices gained after the U.S. central bank signalled only gradual rate tightening and the dollar slid to its lowest in five weeks.
Achiievers Equities' commodity report on Gold
Gold trading range for the day is 28210-28640.
Gold prices gained after the U.S. central bank signalled only gradual rate tightening and the dollar slid to its lowest in five weeks.
The Fed raised interest rates for the second time in three months, with officials sticking to their outlook for two more rate hikes this year.
Fed’s Yellen said that the central bank would stick to a gradual path of interest rate rises even if inflation runs above its 2 percent target.BUY GOLD APR 2017 @ 28340 SL 28180 TGT 28480-28600.MCX.
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