Buy Gold DEC @ 141000 SL BELOW 140000 TGT 143000. MCX - Kedia Advisory
GOLD
BUY GOLD DEC @ 141000 SL BELOW 140000 TGT 143000. MCX
Observations
Gold trading range for the day is 140370-143950.
Gold dropped as rising oil prices fuelled higher-for-longer Federal Reserve rate expectations.
Initial claims for unemployment benefits in the US fell by 6,000 to 194,000, below market expectations.
Gold buying picked up in India as lower prices during the major Dussehra festival boosted purchases and lifted premiums.
Investors also await cues from a slew of central bank meetings, including the Fed, ECB and BOJ next week for direction.
