2026-03-13 11:30:55 am | Source: Kedia Advisory
SELL GOLD APR @ 161500 SL 162500 TGT 160000-159000. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 161500 SL 162500 TGT 160000-159000. MCX
Observations
Gold trading range for the day is 158270-163990.
Gold dropped amid a stronger dollar and dampened rate-cut bets.
Dollar gains to hold near its strongest levels this year while benchmark 10-year U.S. Treasury yields were up at a five-week high.
U.S. consumer price index rose 0.3% in February, matching forecasts and accelerating from January's 0.2% increase.
Goldman Sachs expects US fed to deliver 25 bps rate cuts each in September and December 2026 vs prior forecast of cuts in June and September.
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