Moneycontrol
Nov 30, 2016 05:37 PM IST | Source: Moneycontrol.com

Gold to trade in 28497-28933 range: Achiievers Equities

According to Achiievers Equities, Gold remained under pressure due to expectations of rising U.S. interest rates and improving sentiment for global economic growth.



Achiievers Equities report on Gold


Gold


Gold trading range for the day is 28497-28933.


Gold remained under pressure due to expectations of rising U.S. interest rates and improving sentiment for global economic growth.


Also weighing on bullion was a highly anticipated U.S. interest rate hike in December by the Federal Reserve, which is due to next meet on Dec. 13-14.


ECB is due to decide next week on whether to extend beyond March its 1.74-trillion-euro bond-buying programme.


BUY GOLD DEC @ 28550 SL 28380 TGT 28720-28880. MCX.

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