08-10-2024 09:48 AM | Source: Kedia Advisory
Sell Gold Dec @ 76200 SL 76450 TGT 75900-75700. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 75580-76560.

Gold dropped as a solid US jobs report tempered expectations for Fed interest rate cuts.

US jobs report exceeded expectations with 254,000 growth

Unemployment rate fell to 4.1% from 4.2%

Markets dismiss chances of 50 bps rate cut in November

 

SELL GOLD DEC @ 76200 SL 76450 TGT 75900-75700. MCX

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