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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