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 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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