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
