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Last Updated : Aug 03, 2017 01:21 PM IST | Source: Moneycontrol.com

Gold to trade in 28338-28846: Achiievers Equities

According to Achiievers Equities, Gold edged down as investors took profits following a recent rally, with strong economic growth in Europe and rising stock markets encouraging a shift to riskier assets.

Achiievers Equities' commodity report on Gold

Gold trading range for the day is 28338-28846.

Gold edged down as investors took profits following a recent rally, with strong economic growth in Europe and rising stock markets encouraging a shift to riskier assets.

Recently prices were supported by doubts U.S. interest rates would rise quickly while the market awaited U.S. payroll data for further clues.

Political turmoil in Washington and a run of weak economic indicators has reduced expectations that the U.S. Federal Reserve will raise rates rap

BUY GOLD OCT 2017 @ 28480 SL 28300 TGT 28640-28750.MCX.

For all commodities report, click here

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First Published on Aug 3, 2017 01:21 pm
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