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Gold futures seen in range of Rs 31,600-32,850: India Infoline

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday

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Brokerage expects a trading range of Rs 31,600-32,850 for gold on the Multi Commodity Exchange, it said in a report.

Gold could move in the range of $1,700-1,790 an ounce till the year end, according to the broker, as the market has been roiled by conflicting comments from Washington about the negotiations.

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday, but it has been unable to break a strong resistance at $1,730 an ounce. Top U.S. Republican lawmaker John Boehner said on Thursday that the talks had made little progress, after expressing optimism about reaching a deal with the White House just a day earlier.

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