Moneycontrol
Dec 01, 2016 12:27 PM IST IST | Source: Moneycontrol.com

Gold to trade in range of 27869-28761: Achiievers Equities

According to Achiievers Equities, Gold dropped as widespread expectation of an interest-rate increase by the Federal Reserve in December dampened the metal's short-term outlook.


Achiievers Equities' report on Gold


Gold


Gold trading range for the day is 27869-28761.


Gold dropped as widespread expectation of an interest-rate increase by the Federal Reserve in December dampened the metal's short-term outlook.


The U.S. economy grew faster than initially estimated in the third quarter, notching up its best performance in two years.


Payroll processor ADP report showed that U.S. private sector employment increased by much more than expected in the month of November.

BUY GOLD FEB @ 28000 SL BELOW 27780 TGT 28180-28360. MCX.

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