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