2024-03-11 10:22:41 am | Source: Kedia Advisory
Buy Gold Apr @ 65800 SL 65600 TGT 66100-66300. MCX - Kedia Advisory
Gold
Observations
* Gold trading range for the day is 64985-65795.
* Gold rose to cross 66000 as dollar fell lowest level since mid-January.
* The labour market is showing signs of cooling, reinforcing bets the Fed is close to starting cutting interest rates.
* The February payrolls figure came above forecasts but job gains in both January and December were revised sharply lower
* Gold reserves at the People’s Bank of China rose by 10t, the 15th consecutive month of additions.
BUY GOLD APR @ 65800 SL 65600 TGT 66100-66300. MCX
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