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03-07-2024 09:00 AM | Source: Kedia Advisory
Buy Gold Aug @ 71400 SL 71200 TGT 71700-71900. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71200-72020.
Gold prices seen under pressure from elevated U.S. Treasury yields and a stronger dollar
Powell speech: Inflation may get back to 2% late next year or following year
Central banks' net gold buying down 56% m/m in May
Subdued physical demand in major markets shows signs of recovery
BUY GOLD AUG @ 71400 SL 71200 TGT 71700-71900. MCX
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