Gold trading range for the day is 70645-72005

2024-09-05 10:43:28 am | Source: Kedia Advisory

Gold trading range for the day is 70645-72005 - Kedia Advisory

News By Tags | #CommodityTips #KediaAdvisory

GOLD

Observations

Gold trading range for the day is 70645-72005.

Gold recovered due to higher demand for safer assets and soft economic data.

U.S. manufacturing contracted at a moderate pace in August amid some improvement in employment

Traders see a 39% chance of a 50-basis-point (bp) rate cut on Sept. 18 and a 61% chance of a 25-bp reduction

Even as gold prices set new all-time highs, net purchases by central banks more than doubled to 37 tonnes in July

BUY GOLD OCT @ 71300 SL 71100 TGT 71600-71800. MCX

To Read The Complete Report & Disclaimer - Click Here

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Gold trading range for the day is 70645-72005 - Kedia Advisory

Top News

Tag News

More News