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16-11-2023 09:48 AM | Source: Kedia Advisory
Sell Gold DEC @ 60200 SL 60400 TGT 60000-59850. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 59760-60620.
Gold prices held firm as slowing inflation in U.S. bolstered the view that Fed might be done with raising interest rates.
US Retail Sales contracted at a slower pace of 0.1% against a 0.3% estimate.
The US headline CPI rose at 3.2%, its slowest pace for two years.
Latest inflation figures have turned the tide in favor of keeping interest rates unchanged by the Fed in the range of 5.25-5.50%.
SELL GOLD DEC @ 60200 SL 60400 TGT 60000-59850. MCX
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