13-03-2024 11:33 AM | Source: Kedia Advisory
Sell Gold Apr @ 65600 SL 65800 TGT 65350-65200. MCX -Kedia Advisory
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Gold
Observations
* Gold trading range for the day is 64970-66300.
* Gold fell as a US inflation report dimmed Fed’s prospects cutting interest rates.
* U.S. consumer prices increased solidly in February, suggesting some stickiness in inflation.
* Market is still pricing an around 70% chance of a U.S. rate cut by June
* The Central Bank of Turkey was the largest buyer, increasing official gold holdings by 12t.2.
SELL GOLD APR @ 65600 SL 65800 TGT 65350-65200. MCX
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