Gold futures were trading higher during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal on safe-haven demand amid fears around Brexit, Trump’s news conference. 

http://ripplesadvisory.com  Click here and watch out the best Share and Stock Market recommendations or One missed call on @9303093093.

Investors keenly eyed the Donald Trump’s news conference later in the day at which he may give more details about the policies he will seek to implement after he takes office on January 20, 2017.

At the MCX, gold futures for February 2017 contract is trading at Rs 28,222 per 10 grams, up by 0.28 %, after opening at Rs 28,158, against a previous close of Rs 28,144. It touched the intra-day high of Rs 28,243.
                         Trading Ideas

• Gold trading range for the day is 27887-28389.
• Gold prices rose supported by earlier weakness in the dollar ahead of a news conference on Wednesday by U.S. President-elect Donald Trump.
• The market is looking for more clues on Trump's spending plans in the first speech since his shock election win in November.
• Minutes from the Fed’s December meeting unsettled investors’ expectations about the pace of future interest rate hikes.