Buy Gold Aug @ 68000 SL 67800 TGT 68300-68500. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 67390-68740.
Gold edged higher as markets continued to parse the latest economic data for hints on Fed’s policy outlook.
A 25bp rate cut in September remained fully priced in, followed by two more rate cuts this year.
Gold premiums in India jumped to their highest level in a decade.
In China, dealers were offering a $10 discount to $2 premium, still hovering around a more than two-year low.
BUY GOLD AUG @ 68000 SL 67800 TGT 68300-68500. MCX
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