Gold prices gained as the dollar fell to seven-week lows and bond yields sank on uncertainty over the economic policies of U. S. President Donald Trump. A lack of concrete policy from the Trump administration is increasing gold's attraction as a safe-haven investment. U. S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. Most U. S. and European share indexes fell or were little changed, while the greenback extended losses to a seven-week low against a basket of major currencies, on concerns over potential delays to Trump's pro-growth policies unnerved investors. Gold was also supported by a further drop in U. S. Treasury yields, with the 10-year benchmark yield dipping to the lowest since Feb. 28. Gold has rallied around $50 from last Wednesday's low and clocked its longest winning streak since early January after a less hawkish tone on interest rates in the U. S. Federal Reserve's latest policy statement last week. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.5 percent to 834.40 tonnes on Tuesday after three sessions of outflows. Trump and Republican congressional leaders appeared to be losing the battle to get enough support to pass their Obamacare rollback bill. Mark Meadows, who heads the conservative House Freedom Caucus, said his group had more than enough members to stop the bill from passing. Technically market is under fresh buying as market has witnessed gain in open interest by 7.46% to settled at 4434 while prices up 34 rupees, now Gold is getting support at 28815 and below same could see a test of 28746 level, And resistance is now likely to be seen at 28941, a move above could see prices testing 28998.

Trading Ideas:

# Gold trading range for the day is 28746-28998.

# Gold gained as the dollar fell to near six-week lows and bond yields sank on uncertainty over the economic policies of U. S. President Donald Trump.

# The lack of a concrete policy from the Trump administration is worrying investors and more people will opt for gold as a safe-haven investment.

# Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.5 percent to 834.40 tonnes after three sessions of outflows.