2026-05-04 11:36:27 am | Source: Kedia Advisory
Buy Gold JUN @ 150000 SL 149000 TGT 151500-152500. MCX - Kedia Advisory
Gold
BUY GOLD JUN @ 150000 SL 149000 TGT 151500-152500. MCX
Observations
Gold trading range for the day is 148630-153570.
Gold prices recovered supported by a decline in oil prices and U.S. dollar depreciation.
U.S. inflation accelerated in March, reinforcing expectations that Fed could keep interest rates on hold.
The Fed kept the federal funds rate unchanged at the 3.5%–3.75% target range for a third consecutive meeting in April 2026.
China to ease gold import – export permit rules from June 1
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