04-03-2024 09:50 AM | Source: Kedia Advisory
Sell GOLD APR @ 63650 SL 63850 TGT 63400-63200. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 61985-64395.

Gold rose amid hardened expectations of a U.S. interest rate cut by June

US PCE inflation in January rose 2.4%, the smallest annual increase since February 2021

Euro zone consumer price index for February came in at up 2.6%, year-on-year

Shanghai gold exchange will lower margin requirements for some gold contracts to 8%

SELL GOLD APR @ 63650 SL 63850 TGT 63400-63200. MCX

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