According to Achiievers Equities, Gold gave back most of its losses as the dollar pared gains and bullion shrugged off earlier pressure from U.S. Federal Reserve officials' comments.
Achiievers Equities' report on Gold
Gold trading range for the day is 29195-29569.
Gold gave back most of its losses as the dollar pared gains and bullion shrugged off earlier pressure from U.S. Federal Reserve officials' comments.
Fed’s Dudley, said that the case for tightening monetary policy "has become a lot more compelling" and that he sees a rate hike in the "relatively near future".
Holdings of SPDR Gold Trust rose 0.28 percent to 843.54 tonnes on Wednesday from 841.17 tonnes on Tuesday.
BUY GOLD APR 2017 @ 29350 SL 29200 TGT 29480-29600.MCX.
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First Published on Mar 2, 2017 11:57 am