05-03-2024 10:54 AM | Source: Kedia Advisory
Sell Gold Apr @ 64600 SL 64800 TGT 64300-64100. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 62970-65320.
Gold rose as tepid U.S. economic data, solidified Fed’s bets for rate cut in June.
London gold price benchmark hits all – time high at morning auction, LBMA says
Markets have raised their hopes for a June rate cut and are now pricing in a 74% chance.
SPDR Gold Trust, said its holdings are down more than 6% so far this year.
SELL GOLD APR @ 64600 SL 64800 TGT 64300-64100. MCX
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