Buy Gold DEC @ 60200 SL 60000 TGT 60500-60700. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59910-60820.
Gold prices fell as the dollar advanced after climb in U.S. Treasury yields.
Minneapolis Fed President Neil Kashkari said the Fed might still have some work to do to control inflation.
Following the remarks, odds for another US interest rate hike at the December meeting rose from 10% to 15%.
Gold holdings at the SPDR Gold Trust rose 4.33 tonnes yesterday to a total of 867.57 tonnes, the highest since October 2.
BUY GOLD DEC @ 60200 SL 60000 TGT 60500-60700. MCX
