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Buy Gold Oct @ 75100 SL 74800 TGT 75450-75650. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 74845-75995.
Gold prices gains fuelled by U.S. rate cuts, safe-haven demand and robust central bank buying.
Fed’s Kuglar said she "strongly supported" last week's 50-bps rate cut and "will support additional rate cuts going forward."
China's August net gold imports via HK lowest in over 2 years
The chances of a jumbo 50-bps cut in November currently remain above 60 percent.
BUY GOLD OCT @ 75100 SL 74800 TGT 75450-75650. MCX
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