Buy Gold OCT @ 58600 SL 58400 TGT 58900-59100. MCX - Kedia Advisory
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Gold
Observation
Gold trading range for the day is 58525-59185.
Gold gains on Fed cues, dollar retreat amid economic uncertainty.
Fed Powell's cautious stance and Fed officials hint at rate cycle's end.
ECB stresses restrictive policy; UK rates to peak at 5.5%. Central banks' strong gold buying persists.
H1 records 387t gold purchases; Q2 slowdown after robust Q1 start.
BUY GOLD OCT @ 58600 SL 58400 TGT 58900-59100. MCX
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