Gold dropped as dollar index strengthened to 103.3 after inflation figures for Euro Area came below forecasts - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 62360-62980.
Gold dropped as dollar index strengthened to 103.3 after inflation figures for Euro Area came below forecasts.
The recent remarks from several Federal Reserve officials suggested that the central bank may be done raising interest rates
Fed’s Waller flagged a possible rate cut in the months ahead and Fed’s Mester saw clear progress in getting inflation to 2%
Pending home sales in the US declined 1.5% month-over-month in October 2023
SELL GOLD FEB @ 62800 SL 63000 TGT 62500-62300. MCX
