According to Achiievers Equities, Gold pared gains as dollar advanced after U.S. Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates.
Achiievers Equities' report on Gold
Gold trading range for the day is 28822-29262.
Gold pared gains as dollar advanced after U.S. Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates.
Richmond Fed President Jeffrey Lacker said the U.S. central bank will likely have to raise rates faster than financial markets currently expects.
U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products.
SELL GOLD APR 2017 @ 29150 SL 29300 TGT 28980-29800.MCX.
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.