MTECHTIPS:-Gold to trade in 26934-27292 range: Achievers Equities

MTECHTIPS:-Gold to trade in 26934-27292 range: Achievers Equities

MTECHTIPS- Gold trading range for the day is 26934-27292. Gold fell as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates. Optimistic remarks on the U.S. labour market by Fed’s Yellen strengthened the possibility of further rate hikes next year. Gold needs to see signs of economic instability to push up, but that is unlikely in the current environment of rising global equity markets. SELL GOLD FEB ON JUMP @ 27300 SL 27450 TGT 27150-26950 .MCX.

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