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04-12-2024 09:31 AM | Source: Kedia Advisory
Buy Gold Feb @ 76800 SL 76600 TGT 77100-77300. MCX - kedia Advisory
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Gold

Observations

Gold trading range for the day is 75805-77475.

Gold gains as recovering expectations of a U.S. rate cut in December weighed on the dollar.

Fed's Waller says inclined to cut rates in December

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025.

Investors eyed upcoming economic data and remarks from Fed officials for clues on the future of U.S. interest rates

BUY GOLD FEB @ 76800 SL 76600 TGT 77100-77300. MCX

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