MTECHTIPS-Gold trading range for the day is 28822-29262. Gold pared gains as dollar advanced after U.S. Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates. Richmond Fed President Jeffrey Lacker said the U.S. central bank will likely have to raise rates faster than financial markets currently expects. U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products. SELL GOLD APR 2017 @ 29150 SL 29300 TGT 28980-29800 .MCX.