Sell Gold Jun 2023 @ 61600 SL 61900 TGT 61150-60900. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold
Observations
Gold trading range for the day is 60620-61970
Gold dropped as investors digested the fresh CPI report showing that headline inflation in the US unexpectedly slowed last month.
The reading increased bets that the Fed will pause interest rate hikes in June and cut later in the year.
The annual inflation rate in the US unexpectedly edged lower to 4.9% in April 2023, the lowest since April 2021
Indian gold demand in the March quarter fell 17% to the lowest level in 10 quarters and is likely to remain subdued
SELL GOLD Jun 2023 @ 61600 SL 61900 TGT 61150-60900. MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
