Buy Gold Aug 2023 @ 59300 SL 59100 TGT 59600-59800. MCX

8/06/2023 12:07:48 PM | Source: Kedia Advisory

Buy Gold Aug 2023 @ 59300 SL 59100 TGT 59600-59800. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 58970-60360

Gold dropped as investors looked ahead to key central bank meetings

Traders remained reluctant to make significant moves ahead of next week's Federal Reserve meeting.

China increased its gold reserves for a seventh straight month

Demand for gold will drop 9% to 4,375 metric tons this year with central banks' appetite falling from last year's all-time high

BUY GOLD Aug 2023 @ 59300 SL 59100 TGT 59600-59800. MCX

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Buy Gold Aug 2023 @ 59300 SL 59100 TGT 59600-59800. MCX - Kedia Advisory

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