08-08-2024 11:00 AM | Source: Kedia Advisory
Buy Gold Oct @ 68800 SL 68500 TGT 69200-69400. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 68350-69750.
Gold settled flat as US rate-cut optimism, geopolitical risks lend support
Traders have altered their Fed rate cut expectations, with nearly 105 basis points of cuts anticipated by year-end.
India June gold import 43.12 tn v 46.25 tn in May and 89.41 tn in June 23
Gold bar and coin demand in Vietnam in the first half of this year reached 26 tonnes, the highest level since 2014
BUY GOLD OCT @ 68800 SL 68500 TGT 69200-69400. MCX
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