Buy Gold Aug @ 72200 SL 72000 TGT 72500-7700. MCX

2024-07-05 10:09:48 am | Source: Kedia Advisory

Buy Gold Aug @ 72200 SL 72000 TGT 72500-7700. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 72115-72615.

Gold settled flat after fresh US economic data reinforced expectations for interest rate cuts by Fed

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

Data showed U.S. job openings rose in May after two months of declines

The market now sees a 65% chance of the Fed cutting interest rates in September as well as another cut in December

BUY GOLD AUG @ 72200 SL 72000 TGT 72500-7700. MCX

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Buy Gold Aug @ 72200 SL 72000 TGT 72500-7700. MCX - Kedia Advisory

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