03-06-2024 10:56 AM | Source: Kedia Advisory
Sell Gold Aug @ 72000 SL 72200 TGT 71700-71500. MCX

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GOLD

Observations

Gold trading range for the day is 71230-72970.

Gold settled lower after a reading of U.S. inflation came in line with estimates.

The odds for a Fed's ease increased slightly for September, November and December.

UBS says recently raised our year-end price forecast for gold to $2,600/oz.

RBI shifts 100 tonnes of gold from UK to its vaults, first time since1991

SELL GOLD AUG @ 72000 SL 72200 TGT 71700-71500. MCX

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