01-09-2023 12:07 PM | Source: Kedia Advisory
Gold Trading range for the day is 55110 - 56110 - Kedia Advisory
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Gold

Gold Trading range for the day is 55110 - 56110

Gold prices shot up as Treasury yields fell afternon-farm U.S. payrolls data cemented expectationsof a less-hawkish Fed

Nonfarm payrolls increased 223,000 in Dec. vs.200,000 expected

Fed funds futures traders increased bets the Fed willhike rates by 25 basis points at its Feb. 1 meeting to67% from 54% before the data

Indian dealers offer discounts of up to $32

 

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