Oct 17, 2016 03:23 PM IST IST | Source: Moneycontrol.com

Gold to trade in 29349-29879 range: Achiievers Equities

According to Achiievers Equities,Gold fell as the dollar rose after U.S. economic data came in within expectations cementing assumptions of an interest rate increase by the Federal Reserve by year-end.

Achiievers Equities report on Gold

Gold

Gold trading range for the day is 29349-29879.  

Gold fell as the dollar rose after U.S. economic data came in within expectations  cementing assumptions of an interest rate increase by the Federal Reserve by year-end.  

Federal Reserve Chair Janet Yellen gave a broad review of where the U.S. economic  recovery may still fall short.  

SPDR gold trust holdings gained by 0.40% i.e. 3.86 tonnes to 965.43 tonnes from 961.57  tonnes.   

SELL GOLD DEC @ 29750 SL 29900 TGT 29550-29400.MCX.

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