MTECHTIPS;-Gold to trade in 28597-28845

MTECHTIPS;-Gold to trade in 28597-28845

MTECHTIPS-Gold trading range for the day is 28597-28845. Gold prices dropped and ended the week with weakness in the wake of signals from the Federal Reserve for another increase to interest rates this year. Downbeat U.S. data, with construction for new houses down in May and a June drop in consumer sentiment, underpinned prices as well. Asia gold demand ticked up as global prices came off seven-month highs, while Indian buyers stayed on the sidelines waiting for further price drops. SELL GOLD AUG 2017 @ 28800 SL 28950 TGT 28680-28550 .MCX,

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