Gold trading range for the day is 70610-72640 - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 70610-72640.
Gold eased after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from Fed.
Fed’s Goolsbee said that the longer-run trend of the labor market and inflation data justify easing interest-rate policy soon.
Gold discounts in India surged to a seven-week high as rising prices hurt demand
Chinese demand remains dull amid record prices and jewellery demand has taken a hit with off take, especially in Hong Kong.
SELL GOLD OCT @ 71600 SL 71800 TGT 71300-71100. MCX
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