27-09-2024 11:42 AM | Source: Kedia Advisory
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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