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07-02-2024 12:56 PM | Source: Kedia Advisory
Sell Gold apr @ 62700 SL 62900 TGT 62450-62250. MCX - Kedia Advisory

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Gold

Gold trading range for the day is 62070-62880. Gold regained some ground on a slight pullback in the U.S. dollar and Treasury yields Two Fed members mentioned that inflation could continue to fall and the central bank could take its time before lowering interest rates Fed Chair Jerome Powell stated that the Fed can be "prudent" in deciding when to cut rates, given the strong economy Traders positioned for remarks from several Federal Reserve officials to gauge the likely pace of interest rate cuts this year.

SELL GOLD APR @ 62700 SL 62900 TGT 62450-62250. MCX