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26-03-2024 10:43 AM | Source: Kedia Advisory
Gold trading range for the day is 65660-66420. - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 65660-66420.
Gold gains ahead of US inflation reading that could provide more clues.
A surprise rate cut from the Swiss National Bank prompted bets that other major central banks could ease policy earlier
Fed policymakers indicated they still expected to reduce interest by three-quarters of a percentage point by the end of 2024.
Fed Chair Powell said recent high inflation readings had not changed the overall story of slowly easing U.S. price pressures.
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