Buy Gold Dec @ 75900 SL 75700 TGT 76100-76300. MCX

2024-10-15 11:54:54 am | Source: Kedia Advisory

Buy Gold Dec @ 75900 SL 75700 TGT 76100-76300. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 75625-76675.

Gold eased as markets continued to assess Fed’s interest rate outlook following recent inflation reports.

US producer prices were steady in September, coinciding with a surge in jobless claims.

The odds of a 25 basis point reduction in the fed funds rate in November stand at 87%.

Investors are now looking forward to additional economic data, including retail sales reports and speeches from several Fed officials.

BUY GOLD DEC @ 75900 SL 75700 TGT 76100-76300. MCX

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Buy Gold Dec @ 75900 SL 75700 TGT 76100-76300. MCX - Kedia Advisory

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