13-06-2024 10:18 AM | Source: Kedia Advisory
Sell Gold Aug @ 72100 SL 72300 TGT 71800-71500. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 71105-72605.

Gold rose after a softer-than-expected US inflation data.

Fed kept the funds rate unchanged but dot-plot projections showed a sole 25bps rate cut this year

US annual headline inflation unexpectedly eased to 3.3% in May.

Physical gold ETFs see first net inflows in 12 months in May - World Gold Council

 

SELL GOLD AUG @ 72100 SL 72300 TGT 71800-71500. MCX

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