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08-07-2024 09:30 AM | Source: Kedia Advisory
Buy Gold Aug @ 72800 SL 72600 TGT 73200-73400. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71855-73745.
Gold rose as data from US jobs report was the latest to bolster expectations of incoming rate cuts by Fed.
The unemployment rate unexpectedly edged higher and wage growth fell to a three-year low.
Physical gold dealers in India offered discounts for the ninth consecutive week due to high prices.
Nearly 75% of the market has positioned for the Fed to deliver a rate cut in September.
BUY GOLD AUG @ 72800 SL 72600 TGT 73200-73400. MCX
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