Buy Gold Aug @ 73250 SL 73050 TGT 73500-73650. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 72715-74115.
Gold prices gained aided by hopes for interest rate cuts from Fed.
US Producer Price Index for June comes out at 2.6% year-over-year
According to the CME FedWatch Tool, markets now see a 94% chance of a U.S. rate cut in September.
China's central bank refrained from gold purchases to its reserves for a second consecutive month in June
BUY GOLD AUG @ 73250 SL 73050 TGT 73500-73650. MCX
