Buy Gold Feb 62100 sl 61900 tgt 62400-62600 mcx -kedia-advisory
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Gold
Observations
Gold trading range for the day is 61560-63090.
Gold price climbs as investors are optimistic about Fed rate cuts. Investors ignore United States’ high consumer inflation data while US PPI remains soft.
Fed policymakers reiterate a restrictive monetary policy stance to achieve price stability.
Physical gold demand increased in most Asian hubs due to the approaching Chinese New Year
BUY GOLD FEB @ 62100 SL 61900 TGT 62400-62600. MCX
