16-10-2023 11:11 AM | Source: Kedia Advisory
Buy Gold DEC @ 59100 SL 58850 TGT 59400-59600. MCX - Kedia Advisory

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GOLD 

Observations

Gold trading range for the day is 57415-60435.

Gold jumped as conflict in the Middle East lifted safe-haven demand for the metal

Data showed U.S. consumer prices increased in September.

Commerzbank year-end forecast for gold price has been lowered from $2,000 to $1,900 per troy ounce.

The physical gold market in India flipped to a discount as a rebound in domestic prices made buyers walk away

BUY GOLD DEC @ 59100 SL 58850 TGT 59400-59600. MCX



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