Moneycontrol
Feb 16, 2017 11:13 AM IST | Source: Moneycontrol.com

Gold to trade in 28764-29360 range: Achiievers Equities

According to Achiievers Equities, Gold gained shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

Gold to trade in 28764-29360 range: Achiievers Equities

Achiievers Equities' report on Gold

Gold trading range for the day is 28764-29360.  


Gold gained shrugging off earlier pressure fr om stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.  


Fed’s Harker said his view that the economy is ready for three rate hikes this year does not depend on any fiscal policy changes under Trump.   

Holdings in SPDR Gold Trust rose 0.32 percent to 843.54 tonnes on Wednesday.   

BUY GOLD APR 2017 @ 29120 SL 29000 TGT 29280-29380.MCX. 

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