09-08-2023 11:24 AM | Source: Kedia Advisory
Gold trading range for the day is 58870 - 59190 - Kedia Advisory
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GOLD

Observations

Gold trading range for the day is 58870-59190.

Gold dropped as the U.S. labor market remains fairly robust

The U.S. Labor Department said that weekly jobless claims fell by 13,000 to 216,000

Central banks stepped up gold buying in July – WGC

Central banks added 55 920.7 metric tonnes during the month with China, Poland and Turkey being prominent buyers

BUY GOLD OCT @ 58850 SL 58650 TGT 59100-59300. MCX

 

 

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