2026-07-16 09:59:15 am | Source: Kedia Advisory
Buy Gold Aug @ 142800 SL 13800 TGT 141500-140500. MCX - Kedia Advisory
Gold
BUY GOLD AUG @ 142800 SL 13800 TGT 141500-140500. MCX
Observations
Gold trading range for the day is 139990-143350.
Gold dropped as escalating tensions in the Middle East kept inflation and interest rate concerns at the forefront of investors' minds.
US producer prices unexpectedly declined in June for the first time in nearly a year.
ANZ cuts year-end gold price forecast to $4,600/oz and 12-month forecast to $5,400/oz
ANZ says if expectations for Fed tightening stay firm, gold is likely to remain under pressure and fall towards $3,500/oz
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