Buy Gold OCT @ 58500 SL 58300 TGT 58800-59000. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 58435-58775.
Gold prices steadied as traders digest fresh US CPI figures.
The yield on the 10-year US Treasury note rose to the 4.3% mark, approaching the 15-year high of 4.34%
Headline annual inflation rate rose more than expected in August, prompted by high oil prices
Forecast for the Fed's next steps changed little after the CPI release, with a pause in rate hikes priced in for next week
BUY GOLD OCT @ 58500 SL 58300 TGT 58800-59000. MCX
