Moneycontrol
Feb 17, 2017 02:27 PM IST | Source: Moneycontrol.com

Gold to trade in 29058-29664 range: Achiievers Equities

According to Achiievers Equities,Gold prices rose to a one-week high as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal.


Achiievers Equities' report on Gold

Gold trading range for the day is 29058-29664.


Gold prices rose to a one-week high as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal.


Concern over U.S. President Donald Trump's policies and elections in the Netherlands, France and Germany this year have fuelled gold’s rise.


Upbeat U.S. inflation and retail sales data on Wednesday reinforced expectations of a near-term rate hike by the Federal Reserve.


BUY GOLD APR 2017 @ 29350 SL 29200 TGT 29480-29550.MCX.

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