01-03-2024 10:16 AM | Source: Kedia Advisory
Sell Gold Apr @ 62650 SL 62850 TGT 62400-62200. MCX - Kedia Advisory
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Gold
Observation
Gold trading range for the day is 61890-63030.
Gold rose as U.S. inflation report that came in just a bit cooler than expected.
Federal Reserve doesn’t have to rush into a new easing cycle as American workers see wage growth.
According to the CME FedWatch Tool, markets see a roughly 60% chance of a rate cut in June.
China’s monthly net gold imports via Hong Kong surged 51% in January to their highest since mid-2018.
SELL GOLD APR @ 62650 SL 62850 TGT 62400-62200. MCX
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