MTECHTIPS:-Gold to trade in 28455-28781 range: Achievers Equities

MTECHTIPS:-Gold to trade in 28455-28781 range: Achievers Equities

MTECHTIPS-Gold trading range for the day is 28455-28781. Gold prices edged higher as caution surrounding Donald Trump’s future policies continued to boost demand for the safe-haven precious metal. Demand for gold was also boosted by data showing that China’s gross domestic product rose 6.8% in the fourth quarter of 2016, in line with expectations. Gold demand slowed in India this week as buyers postponed purchases on expectation of a cut in import duty and after a rebound in prices. BUY GOLD FEB @ 28600 SL 28480 TGT 28740-28850. MCX.

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