Buy Gold Oct @ 69700 SL 69500 TGT 70000-70200. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 69260-70310.
Gold gains as investors grew confident the Fed will lower interest rates in September.
Fed's policymakers are increasingly confident that inflation is cooling enough to allow interest-rate cuts ahead.
Gold demand in India crept up due to a correction in prices, although volatility in the market prompted some buyers to postpone purchases.
Dealers charged a premium of up to $9 an ounce over official domestic prices, compared with last week's $7 premium.
BUY GOLD OCT @ 69700 SL 69500 TGT 70000-70200. MCX
