Equity Tips:- Gold Trading Range For The Day Is 31287-31489


Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict. The benchmark U.S. Treasury 10-year yield edged above 3 percent as jitters about growing federal borrowing spurred more selling in the U.S. government bonds, paving the path for it to visit levels not seen since July 2011.

 

Trading Ideas:  

 

* Gold trading range for the day is 31287-31489.

 

* Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict.

 

* The benchmark U.S. 10-year Treasury yield breached 3 percent as jitters about growing federal borrowing spurred selling of U.S. government bonds.

 

* The dollar was boosted by rising U.S. yields and the prospect of a faster pace of rate hikes by the Federal Reserve this year.

 

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