November 25, 2017

MTECHTIPS;-Gold to trade in 29155-29501 range: Achievers Equities

MTECHTIPS- Gold trading range for the day is 29155-29501. Gold prices pared gains on profit booking after prices seen supported by political risk of European elections and worries over U.S. President Donald Trump’s policies. Investors are concerned about the strong showing in French presidential race of far-right candidate Marine Le Pen, who has promised to take France out of euro zone. Holdings of SPDR Gold Trust rose 0.68 percent to 832.58 tonnes on Wednesday from Tuesday, holdings rose for a sixth straight session. BUY GOLD APR 2017 @ 29270 SL 29120 TGT 29380-29560. MCX.

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