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26-04-2024 10:15 AM | Source: Kedia Advisory
Buy Gold Jun @ 71100 SL 70900 TGT 71350-71500. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 70190-72090.

Gold steadied after a hotter-than-expected US inflation reading for the first quarter

Data showed that GDP increased at a 1.6% annualized rate in the last quarter

The U.S. rate futures market has priced in a 56.7% chance of a rate cut in September, down from 70%

China's March net gold imports via Hong Kong up 40% from Feb

BUY GOLD JUN @ 71100 SL 70900 TGT 71350-71500. MCX

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