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18-10-2024 09:47 AM | Source: Kedia Advisory
Buy Gold Dec @ 77000 SL 76800 TGT 77300-77500. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 76390-77570.
Gold hits record high as US rate cut bets and election jitters spur demand
The ECB slashed its main rates by 25bps, as expected, and noted that the disinflation process is well underway.
Fed's Bostic says his 'dot' was for 25 bp more in cuts in 2024
China's central bank held back on buying gold for a fifth straight month in September.
BUY GOLD DEC @ 77000 SL 76800 TGT 77300-77500. MCX
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