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Last Updated : Aug 17, 2017 11:58 AM IST | Source: Moneycontrol.com

Gold to trade in 28737-29077: Achiievers Equities

According to Achiievers Equities, Gold dropped as investors looked ahead to minutes of the Federal Reserve’s latest policy meeting for further hints on the timing of the next U.S. rate hike.


Achiievers Equities' commodity report on Gold

Gold trading range for the day is 28737-29077.

Gold dropped as investors looked ahead to minutes of the Federal Reserve’s latest policy meeting for further hints on the timing of the next U.S. rate hike.

Fed policymakers appeared increasingly wary about recent weak inflation data and some called for a halt to further rate hikes until it was clear the trend was transitory.

Easing geopolitical tensions between North Korea and the U.S. also undercut haven demand for the precious metal.

BUY GOLD OCT 2017 @ 29050 SL 28950 TGT 29160-29320.MCX

For all commodities report, click here

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First Published on Aug 17, 2017 11:56 am
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