2024-09-16 11:02:09 am | Source: Kedia Advisory
Buy GOLD Oct @ 73300 SL 73100 TGT 73600-73800. MCX - Kedia Advisory
Gold
Observations
Gold trading range for the day is 72870-73940.
Gold gains lifted by easier monetary policies from major central banks and a recently depreciating U.S. dollar.
Initial jobless claims in the US rose from the previous week and remained above earlier averages, signaling a softening labor market.
Retail buyers in key Asian hubs shied away from gold purchases due to soaring prices, forcing dealers to offer deep discounts.
In India, dealers offered a discount of up to $22, highest in nearly two months and up from last week's $13 discount.
BUY GOLD OCT @ 73300 SL 73100 TGT 73600-73800. MCX
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