26-08-2024 10:29 AM | Source: Kedia Advisory
BUY GOLD OCT @ 71550 SL 71350 TGT 71850-72000. MCX - Kedia Advisory
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GOLD
Observation
Gold trading range for the day is 71035-72315.
Gold gains as Fed’s Powell signals that the central bank is ready to start easing interest rates.
Fed’s Powell said that the upside risk to inflation has diminished and risks to the labor market have grown.
A rally in gold prices stifled demand in major Asian hubs, with dealers offering deeper discounts to charm buyers Mali’s gold reserves fell 17% between 2022 and 2024 to 731 metric tons
BUY GOLD OCT @ 71550 SL 71350 TGT 71850-72000. MCX
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