2025-02-13 11:34:48 am | Source: Kedia Advisory
BUY GOLD APR @ 85300 SL 85100 TGT 85500-85700. MCX - Kedia Advisory
GOLD
BUY GOLD APR @ 85300 SL 85100 TGT 85500-85700. MCX
Observations
Gold trading range for the day is 84100-86360.
Gold dropped as evidence of high inflation in the US backed hawkish bets for the Fed.
Fed Chair Jerome Powell reiterated that the central bank doesn't need to rush to lower policy rates.
PBoC increasing its reserves for the third consecutive month in January.
Investors continued to anticipate two Fed rate cuts in 2024 despite strong labor data, aligning with FOMC projections.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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