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11-10-2024 11:44 AM | Source: Kedia Advisory
Buy Gold Dec @ 75100 SL 74900 TGT 75400-75600. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 74495-75815.
Gold edged higher as markets digested a batch of fresh economic data.
US inflation rate eased to 2.4% in September but overshot median expectations of 2.3%.
BMI has revised its 2024 gold price forecast by nearly 6% to $2,375 from $2,250 per ounce.
Fed will deliver two additional 25bps rate cuts this year before continuing their rate-cutting cycle throughout next year.
BUY GOLD DEC @ 75100 SL 74900 TGT 75400-75600. MCX
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