20-11-2023 09:22 AM | Source: Kedia Advisory
Sell Gold DEC @ 60900 SL 61100 TGT 60600-6040. MCX - Kedia Advisory

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GOLD

Observations

Gold trading range for the day is 60415-61145.

Gold steadied underpinned by cooling inflation and signs of slowing economic momentum in the US

The number of Americans filing new claims for unemployment benefits increased more than expected last week

Indian buyers brushed off record high local prices making gold purchases during the Diwali festival

Dealers were offering a discount of up to $3 an ounce over official domestic prices, down from the last week's discount of $4.

SELL GOLD DEC @ 60900 SL 61100 TGT 60600-6040. MCX

 

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