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19-10-2023 10:25 AM | Source: Kedia Advisory
Buy Gold DEC @ 59800 SL 59600 TGT 60150-60350. MCX - Kedia Advisory
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GOLD

Observations

Gold trading range for the day is 59155-60715.

Gold gains as fears of a wider conflict in the Middle East prompted investors to seek safe haven assets. Fed’s Harker said the central bank should not create new pressures in the economy by increasing the cost of borrowing.

Housing starts rose by 7% in September to a seasonally adjusted annual rate of 1.358 million units

The report said that building permits for future homebuilding declined 4.4% to a rate of 1.473 last month

BUY GOLD DEC @ 59800 SL 59600 TGT 60150-60350. MCX




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