12-01-2024 12:23 PM | Source: Kedia Advisory
Buy Gold FEB @ 61600 SL 61400 TGT 61900-6210. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 61255-62745.

Gold pared gains due to a rebound in dollar and strong economic data from US.

Inflation rates in the US exceeded expectations, with the annual rate rising to 3.4% in December.

Traders pare bets Fed will cut rates in March after inflation data

India discount drops to $11/oz this week from $16 last week

BUY GOLD FEB @ 61600 SL 61400 TGT 61900-6210. MCX

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