MTECHTIPS;-Gold to trade in 28280-28688

MTECHTIPS;-Gold to trade in 28280-28688

MTECHTIPS- Gold trading range for the day is 28280-28688. Gold eased as hints from leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the prices. Comments from ECB, BOE and BOC central banks indicated that quantitative easing programmed put in place in the wake of the financial crisis may be being wound up. Gold premiums in India jumped to the highest level in 7-1/2 months as consumers advanced purchases to avoid paying higher tax.SELL GOLD AUG 2017 @ 28550 SL 28650 TGT 28440-28380. MCX.

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