Buy GOLD FEB @ 63100 SL 62900 TGT 63450-63650. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 62280-63920.
Gold gains after data showing easing inflation raised expectations that Fed would soon start cutting interest rates
U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years.
U.S. jobless claims rose slightly pointing to an easing labour market.
Physical gold dealers in India were forced to offer steeper discounts as record high prices accelerated a post-festival slowdown in demand
Buy GOLD FEB @ 63100 SL 62900 TGT 63450-63650. MCX
