MTECHTIPS:-Gold to trade in 28153-28553 range: Achievers Equities

MTECHTIPS:-Gold to trade in 28153-28553 range: Achievers Equities

MTECHTIPS- Gold trading range for the day is 28153-28553. Gold prices settled flat as strong US retail sales drove the dollar and US bond yields higher, with the metal on track for a third straight weekly gain. Gold imports in December fell 71 percent from a year ago to 31 tonnes as a cash crunch squeezed demand. In China, the world’s top gold consumer, gold was sold at a premium of around $17 to the global benchmark, almost unchanged from last week. BUY GOLD FEB @ 28350 SL 28200 TGT 28480-28600. MCX.

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