16-02-2024 10:06 AM | Source: Kedia Advisory
Buy Gold S @ 61450 SL 61250 TGT 61700-61850. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 61090-62010.

Gold gains after retail sales came in well below market expectations in January

U.S. retail sales fell by 0.8% last month following a revised increase of 0.4% from 0.6% in December

Hotter-than-expected inflation in January shows that US path back to 2% inflation "may be a bumpy one," Fed said.

Fed's Waller says post-pandemic response to inflation was 'not textbook'

BUY GOLD S @ 61450 SL 61250 TGT 61700-61850. MCX

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