2024-12-12 12:36:52 pm | Source: Kedia Advisory
Buy Gold Feb @ 78850 SL 78650 TGT 79150-79350. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 77865-79685.
Gold gains as inflation data fuels Fed rate cut optimism
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% and indicated further cuts would be more gradual
Investors awaited U.S. Producer Price Index (PPI) data for further direction on monetary policy.
Traders predict a 96% chance of a further 25-basis-point cut at the Fed's Dec. 17-18 meeting
BUY GOLD FEB @ 78850 SL 78650 TGT 79150-79350. MCX
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