Sell Gold Apr @ 62700 SL 62900 TGT 62450-62250. MCX - Kedia Advisory
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Gold:
Observations:
Gold trading range for the day is 62220-62880.
Gold steadied as likelihood of Fed interest rate cut in March and May decreased.
Fed Powell stated that Fed will be cautious when it comes to cutting interest rates and does not expect a cut in March.
China's gold reserves increased to 72.19 million fine troy ounces by the end of January
The odds of a US rate cut in March and May decreased, with traders now expecting four rate cuts this year totaling 100 basis points.
SELL GOLD APR @ 62700 SL 62900 TGT 62450-62250. MCX
Tag News
Quote on Gold and Crude by Kaynat Chainwala, Senior Manager-Commodity Research, Kotak Securi...
