Moneycontrol
Mar 20, 2017 12:20 PM IST | Source: Moneycontrol.com

Gold to trade in 28336-28616: Achiievers Equities

According to Achiievers Equities, Gold gained as the dollar plumbed to fresh five-week lows after the U.S. central bank's signal of a slower pace of rate increases this year disappointed dollar bulls.


Achiievers Equities' commodity report on Gold


Gold trading range for the day is 28336-28616.

Gold gained as the dollar plumbed to fresh five-week lows after the U.S. central bank's  signal of a slower pace of rate increases this year disappointed dollar bulls.

The U.S. Federal Reserve delivered an interest rate increase as widely anticipated, but did not alter its earlier forecast for a total of three rate increases this year.

Rutte's victory was hailed across Europe by governments facing a rising wave of nationalism, denting gold's safe-haven appeal.

BUY GOLD APR 2017 @ 28480 SL 28300 TGT 28600-28740.MCX.

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