September 20, 2017

MTECHTIPS:-Gold to trade in 28628-29088 range: Achievers Equities

MTECHTIPS- Gold trading range for the day is 28628-29088. Gold gained as the dollar came under pressure from a U.S. payrolls report that flagged up weak wage growth last month. Gold prices rose to around 2 percent on weekly basis on worries about Donald Trump’s presidential style and a lack of clarity on rate hikes. SPDR gold trust holdings gained by 0.40% i.e. 3.28 tonnes to 814.50 tonnes from 811.22 tonnes. BUY GOLD APR 2017 @ 28850 SL 28600 TGT 29000-29150. MCX.

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