Buy Gold APR @ 65750 SL 65550 TGT 66000-66150 MCX -Kedia Advisory
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Gold
Observations
* Gold trading range for the day is 65210-66370.
* Gold prices edged higher as investors still banked on a Federal Reserve interest rate cut in June.
* Investors digested hotter-than-expected U.S. inflation data Traders now see about a 65% chance of a June cut, slightly lower than the 72% seen before.
* Focus now shifts to U.S. retail sales, the producer price index, and the weekly initial jobless claims print, due on Thursday.
BUY GOLD APR @ 65750 SL 65550 TGT 66000-66150. MCX
