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27-05-2024 10:16 AM | Source: Kedia Advisory
Buy GOLD JUN @ 71100 SL 70900 TGT 71400-71600. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 70910-71860.
Gold dropped as expectations for U.S. interest rate cuts began to fade.
Fed's minutes showed a live debate among policymakers as to whether current rates are sufficiently restrictive to cool inflation.
India's gold imports in 2024 could fall by nearly a fifth from the previous year.
Traders' bets signalled growing doubts that the Fed will cut rates more than once in 2024.
BUY GOLD JUN @ 71100 SL 70900 TGT 71400-71600. MCX
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