BUY GOLD FEB @ 62300 SL 62100 TGT 62500-62700. MCX
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Observations
Gold trading range for the day is 61805-63005. Gold prices steadied as investors look forward to key US inflation data due later this week Fed’s Williams said that we aren't really talking about rate cuts right now and it's premature to speculate about them. The flash PMI prints released showed that business activity in Germany deteriorated during December Both the ECB and the BOE maintained their policy rates and pledged to keep them at elevated levels to address inflation.
