Powered by: Motilal Oswal
09-08-2024 09:33 AM | Source: Kedia Advisory
Gold trading range for the day is 68480-70360 - Kedia Advisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

GOLD

Observations

Gold trading range for the day is 68480-70360.

Gold prices firmed as the dollar and Treasury yields retreated

Continued U.S. data weakness and U.S. debt concerns will ultimately support gold prices.

Initial claims for state unemployment benefits fell by 17,000 claims to a seasonally adjusted 233,000.

Market see a 72% chance of 50 basis points cut in September, up from 70%.

BUY GOLD OCT @ 69500 SL 69300 TGT 69850-70100. MCX

 

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer