10-05-2024 09:36 AM | Source: Kedia Advisory
Buy Gold Jun @ 71450 SL 71250 TGT 71725-71900. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 70575-72245.
Gold gains as dollar index fell slightly after initial jobless claims unexpectedly soared.
The gains of Americans filing new claims for unemployment benefits increased more than expected last week.
The likelihood of a rate reduction in September increased to 69% from 65% before the claims release.
The PBOC bought 60,000 troy ounces of gold in April, far lower than the 160,000 ounces it purchased in March
BUY GOLD JUN @ 71450 SL 71250 TGT 71725-71900. MCX
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