2024-05-16 11:07:07 am | Source: Kedia Advisory
Buy Gold Jun @ 73000 SL 72800 TGT 73300-73500. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 71915-73735.
Gold prices climbed aided by a weaker dollar and yields.
Data showed the U.S. consumer price index rose less than expected in April.
Traders are now pricing in about a 69% chance of a rate cut in September, according to the CME FedWatch Tool.
Gold production in South Africa fell by 4.5% year-on-year in March 2024
BUY GOLD JUN @ 73000 SL 72800 TGT 73300-73500. MCX
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