Moneycontrol
Oct 18, 2016 12:33 PM IST | Source: Moneycontrol.com

Gold to trade in 29546-29814 range: Achiievers Equities

According to Achiievers Equities,Gold prices ended with small gains lifted by steady flows into exchange-traded funds and a dip in the dollar after touching seven-month highs.

Achiievers Equities report on Gold

Gold

Gold trading range for the day is 29546-29814.  

Gold prices ended with small  gains lifted by steady flows into exchange-traded funds and a dip in the dollar after touching seven-month highs.  

Positive economic data from the U.S. usually puts pressure on bullion prices as investors  raise bets on an interest rate hike.  

Demand for gold from top consumer China  will remain strong at around 900-1,000 tonnes  next year.  

SELL GOLD DEC @ 29850 SL 30000 TGT 29700-29550.MCX. 

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