Dec 02, 2016 11:35 AM IST IST | Source: Moneycontrol.com

Gold to trade in range of 27698-28342 : Achiievers Equities

According to Achiievers Equities Gold fell as a surge in oil prices boosted bond yields, denting interest in non-yielding gold as an alternative investment.

Achiievers Equities' report on Gold

Gold trading range for the day is 27698-28342.

Gold fell as a surge in oil prices boosted bond yields, denting interest in non-yielding gold as an alternative investment.

Fed: US economy continued to expand across most regions, 7 saw tightening job conditions.

SPDR gold trust holdings dropped by 1.54% i.e. 13.64 tonnes to 870.22 tonnes from 883.86 tonnes.

BUY GOLD FEB @ 27900 SL BELOW 27760 TGT 28060-28220. MCX.

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