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2024-02-28 09:43:49 am | Source: Kedia Advisory
Sell Gold Apr @ 62400 SL 62600 TGT 62200-62000. MCX - Kedia Advisory

Gold

Observation

Gold trading range for the day is 62085-62495.

Gold prices inched up buoyed by a weaker U.S. dollar and bond yields

Fed policymakers suggested the U.S. central bank was in no rush to cut interest rates

Markets are currently pricing in a 63% chance of a Fed rate cut in June, according to the CME FedWatch Tool.

China's January net gold imports via Hong Kong jump 51% m/m

SELL GOLD APR @ 62400 SL 62600 TGT 62200-62000. MCX

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