26-09-2024 10:48 AM | Source: Kedia Advisory
Buy Gold Oct @ 75100 SL 74900 TGT 75400-75600. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 74440-76440.
Gold rose on hopes of another large U.S. rate cut as the spotlight shifted to Fed Powell's comments
Traders see 58% chance of a 50-bp rate cut in November
U.S. consumer confidence unexpectedly fell in September amid mounting fears over the health of the labour market.
Fed’s Bostic supported the Fed's action last week and agreed policy was too tight for the state of the economy.
BUY GOLD OCT @ 75100 SL 74900 TGT 75400-75600. MCX
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