06-08-2024 12:18 PM | Source: Kedia Advisory
Buy Gold Oct @ 69200 SL 69000 TGT 69500-69700. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 67270-71530.
Gold prices fell as investors liquidated positions in tandem with a broader equities selloff
Prices slumped as recession worries dampened the demand outlook.
Goolsbee cautions on Fed being overly restrictive, downplays recession fears
The Fed signaled that it was on course to begin cutting rates in September
BUY GOLD OCT @ 69200 SL 69000 TGT 69500-69700. MCX
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