2025-01-17 11:20:16 am | Source: Kedia Advisory
Buy Gold Feb @ 79100 SL 78850 TGT 79400-79600. MCX - Kedia Advisory
Gold
Observations
Gold trading range for the day is 78495-79635.
Gold rose amid growing expectations that the Fed will lower interest rates this year.
US retail sales rose less than expected in December while initial unemployment claims rebounded sharply in January.
Expectations of lower rates were also present in the UK following their softer monthly GDP print.
Israel and Hamas reached a ceasefire and hostage agreement, easing demand for safe-haven assets.
BUY GOLD FEB @ 79100 SL 78850 TGT 79400-79600. MCX
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