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2024-07-30 10:01:51 am | Source: Kedia Advisory
Buy Gold Aug @ 68000 SL 67800 TGT 68300-68500. MCX - Kedia Advisory

Gold 

Observations

Gold trading range for the day is 67695-68955.

Gold steadied as the dollar firmed a bit ahead of Fed’s monetary policy meeting.

Expectations for rate cuts remained intact, with markets fully pricing in a reduction at the September meeting.

Rising geopolitical tensions in the Middle East also supported safe-haven assets.

China's net gold imports via Hong Kong in June fell by about 18% from May

BUY GOLD AUG @ 68000 SL 67800 TGT 68300-68500. MCX

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