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03-04-2024 11:06 AM | Source: Kedia Advisory
Buy Gold Jun @ 68650 SL 68450 TGT 69200-69400. MCX - Kedia Advisory
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Gold

Observations

Gold trading range for the day is 68320-69440.

Gold prices hit a record high due to momentum-following fund demand.

Strong U.S. dollar offsets potential higher-for-longer U.S. rates.

U.S. manufacturing growth in March for the first time in 1-1/2 years.

Traders reduced June interest rate cut bets to 62%.

BUY GOLD JUN @ 68650 SL 68450 TGT 69200-69400. MCX 

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Spot gold is to expected to face the hurdle near $2635 and move lower towards $2580 amid strong dollar - ICICI Direct
Spot gold is to expected to face the hurdle near $2635 and move lower towards $2580 amid strong dollar - ICICI Direct
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