16-04-2024 11:57 AM | Source: Kedia Advisory
Buy Gold Jun @ 72000 SL 71700 TGT 72350-72550. MCX - Kedia Advisory
Gold
Observations
Gold trading range for the day is 70785-73115.
Gold gains as investors stayed vigilant over developments in the Middle East.
US President Joe Biden's stance against Israel's counterattack on Iran.
Fed rate cut bets for June and July meetings and reduced fears of Iran-Israel tensions pressure Gold.
Fed policymakers advocate for restrictive interest rates to prevent inflation from reaching 2%.
BUY GOLD JUN @ 72000 SL 71700 TGT 72350-72550. MCX
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