Powered by: Motilal Oswal
2024-06-12 09:13:04 am | Source: Kedia Advisory
Buy Gold Aug @ 71350 SL 71150 TGT 71600-71800. MCX - Kedia Advisory

Gold

Observations

Gold trading range for the day is 70695-72105.

Gold steadied as investors awaited US inflation data and Fed’s policy announcement

Markets scale back expectations for Fed easing, with 50% chance of a cut in September.

China's central bank paused gold purchases after 18 months.

Physical gold ETFs see first net inflows in 12 months in May - World Gold Council

 

BUY GOLD AUG @ 71350 SL 71150 TGT 71600-71800. MCX

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. To Read Complete Disclaimer Click Here