01-07-2024 10:14 AM | Source: Kedia Advisory
Sell Gold Aug @ 71700 SL 71900 TGT 71400-71200. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 71160-72060.
Gold steadied after a key U.S. inflation report came broadly in line with expectations
Gold was also supported by a decline in the U.S. Treasury yields
PCE last month followed an unrevised 0.3% gain in April data, while consumer spending rose moderately.
Indian gold demand remained lacklustre due to higher prices
SELL GOLD AUG @ 71700 SL 71900 TGT 71400-71200. MCX
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