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2026-06-04 11:24:08 am | Source: Kedia Advisory
SELL GOLD AUG @ 159500 SL 160500 TGT 158000-157000. MCX - Kedia Advisory
SELL GOLD AUG @ 159500 SL 160500 TGT 158000-157000. MCX - Kedia Advisory

Gold

SELL GOLD AUG @ 159500 SL 160500 TGT 158000-157000. MCX

Observations

Gold trading range for the day is 157175-160415.

Gold dropped as the yield on the US 10-year Treasury note climbed further to 4.49% after the ADP report.

ADP report showed that the private sector added 122K jobs in May, exceeding expectations and marking a new high since January 2025.

US job openings in April rose to their highest level since November 2024, further highlighting the resilience of labor demand.

Swiss gold exports drop 20% in April as deliveries to UK fall

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