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09-09-2024 10:18 AM | Source: Kedia Advisory
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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