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19-08-2024 10:14 AM | Source: Kedia Advisory
Buy Gold Oct @ 71100 SL 70900 TGT 71400-71600. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 69850-72240.

Gold gains on growing optimism about a September U.S. rate cut

More Fed officials line up behind September rate cut

Several Chinese banks have been given new gold import quotas from the central bank

Gold dealers in India were forced to offer discounts as a recent price increase dampened retail purchases

BUY GOLD OCT @ 71100 SL 70900 TGT 71400-71600. MCX

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