2025-01-16 09:19:24 am | Source: Kedia Advisory
Buy Gold FEB @ 78500 SL 78250 TGT 78850-79100. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 78065-79055.
Gold rose as cooling underlying inflation in the US favored bets of less restrictive monetary policy by the Fed this year.
The CPI in the US increased 0.4% month-over-month in December 2024, the most since March
The NY Empire State Manufacturing Index tumbled to -12.6 in January 2025 from 2.1 in
December Markets anticipated bets of a Fed rate cut to July instead of September.
BUY GOLD FEB @ 78500 SL 78250 TGT 78850-79100. MCX
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