Buy Gold Oct @ 74800 SL 74600 TGT 75150-75350. MCX - Kedia Advisory
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Gold
Gold trading range for the day is 74100-75500.
Gold gained as prospects of less restrictive monetary policy and elevated geopolitical risks magnified support for safe-haven assets.
Fed’s Bostic noted that inflation progress and labor market cooling have occurred faster than expected
Traders are now awaiting the PCE report and additional speeches from several Fed officials.
Gold's status as a safe haven was further bolstered by rising tensions in the Middle East, following Israeli strikes on Lebanon.
BUY GOLD OCT @ 74800 SL 74600 TGT 75150-75350. MCX
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