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Buy Gold OCT @ 59150 SL 58950 TGT 59350-59500. MCX - Kedia Advisory
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Gold trading range for the day is 59050-59560.
Gold prices dropped amid a rising U.S. dollar and U.S. Treasury yields.
Investors weighed disappointing figures from China against signs of cooling economy in the US.
The US unemployment rate unexpectedly rose to 3.8% in August, the highest since February 2022.
Chinese dealers sold gold at $20-$38 an ounce premium over global spot prices, after jumping to $40-$60 last week
BUY GOLD OCT @ 59150 SL 58950 TGT 59350-59500. MCX
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