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2024-08-16 10:10:20 am | Source: Kedia Advisory
Buy Gold Oct @ 70000 SL 69800 TGT 70300-70500. MCX - Kedia Advisory
Buy Gold Oct @ 70000 SL 69800 TGT 70300-70500. MCX - Kedia Advisory

GOLD

Observations

Gold trading range for the day is 69410-71380.

Gold prices dropped on profit booking after US CPI report came broadly in line with expectations.

US CPI rose 0.2% last month after June’s -0.1% decline.

Fed's Bostic says a 'little more data' needed to be ready to cut rates

Gold ETFs have seen 3 consecutive months of inflows

BUY GOLD OCT @ 70000 SL 69800 TGT 70300-70500. MCX

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