12-07-2024 09:01 AM | Source: Kedia Advisory
Buy Gold Aug @ 73100 SL 72900 TGT 73400-73600. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 72520-73730.

Gold surged as key metrics of the US economy continued to pave the way for Fed to lower interest rates.

Data showed that headline inflation in the US slowed more than expected to a one-year low of 3% in June

China halts gold purchases for the second month, while other central banks boost reserves

Global gold ETFs saw second month of inflows in June, says WGC

BUY GOLD AUG @ 73100 SL 72900 TGT 73400-73600. MCX

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