MTECHTIPS GOLD

MTECHTIPS:-GOLD

Gold fell on Tuesday as the dollar gained and Asian stock markets firmed up after a turbulent week, undermining the metal's appeal as a safe haven and prompting a further sell-off in bullionbacked exchange traded funds. Russia, Turkey and Kazakhstan were among central banks buying gold in April, despite the metal's price fall, to diversify their strategic portfolio, data from the International Monetary Fund showed. Outlook : Gold is expected to trade subdued due to lack of events and mainly track US dollar index which is expected to drive today’s gold movements.